What is the role of the Bitcoin reserve fund?: The establishment of a Bitcoin reserve fund is seen as an important step in reforming the international monetary system of the US. This proposal by Senator Cynthia Lummis sets out to accumulate one million Bitcoin, accounting for 5% of total supply. This move aims to protect the value of the USD against fluctuations in international markets.

Where does the fund get its finances?: Instead of financing through debt, Lummis suggests selling some of the gold reserves and reaping returns from Fed’s investments. This proposal aims to make use of existing capital resources rather than creating new debt. This is particularly crucial in the context of declining trust in the USD in international markets.

Lessons from monetary history: History shows Bretton Woods established the USD as the global reserve currency. However, this system collapsed as it could not maintain the value of USD with gold. From there, the US shifted to the Petrodollar system, ensuring USD’s important role in international trade.

Vision for the future with Bitcoin: Amidst current challenges such as public debt and the rise of BRICS countries, building a Bitcoin reserve fund may help the US overcome trust crises and revive the position of the USD. Michael Saylor predicts Bitcoin values could reach 13 million USD in the future.