Senator Lummis Reintroduces the Bitcoin Act
On March 11, 2025, Senator Cynthia Lummis announced plans to reintroduce the “Bitcoin Act” to establish a U.S. Strategic Bitcoin Reserve. The proposed legislation outlines a program to acquire up to 1 million bitcoins over five years, representing approximately 5% of the total Bitcoin supply. The bill also emphasizes safeguarding individual Bitcoin holders’ rights to self-custody and financial freedom.
Market Manipulation Concerns: Targeting Bitcoin Prices and MicroStrategy
Amid these strategic initiatives, concerns have emerged regarding potential market manipulation by influential investors. Speculations suggest that some billionaires may attempt to drive Bitcoin prices down to the $60,000 range to acquire substantial holdings and gain control over MicroStrategy’s stock, given the company’s significant Bitcoin reserves. Such tactics could impact market dynamics and investor confidence, highlighting the need for vigilance and regulatory oversight. ​
Temporary Correction or Permanent Surge?
The convergence of legislative efforts, corporate advocacy, and market activities underscores a pivotal moment in the United States’ approach to Bitcoin. Establishing a Strategic Bitcoin Reserve and positioning the nation as a Bitcoin superpower could enhance economic resilience and technological leadership. However, addressing potential market manipulation and ensuring transparent regulatory frameworks remain critical to fostering a secure and equitable Bitcoin ecosystem.​
With all the controversial news today taking over the crypto market, and Bitcoin in particular, while the US Bitcoin adoption and Michael Saylor’s speech boost a permanent BTC price surge, some other political news from all around the globe could cut this hope short, making the latest Bitcoin price surge not last long turning it into a temporary correction. Analysts, traders, and crypto enthusiasts, keep an eye on Bitcoin price!
