In a bold move aimed at reshaping America’s financial future, U.S. Representative Nick Begich is calling for the federal government to diversify its balance sheet by acquiring Bitcoin. Speaking at the BTC in D.C. conference, the Alaska Republican outlined a vision to treat Bitcoin as a strategic asset—much like gold—to safeguard the nation’s economic resilience in a digital age.
Introducing the BITCOIN Act: A Plan to Acquire 1 Million BTC
Partnering with Senator Cynthia Lummis, Begich unveiled the BITCOIN Act, a legislative proposal that would task the U.S. Treasury with acquiring one million bitcoins over five years. The acquisition would be carried out through budget-neutral strategies, meaning it wouldn’t increase the national debt.
The proposal builds on a previous executive order by former President Donald Trump that secured government-held crypto assets. Now, Begich and Lummis are pushing to formally recognize Bitcoin as a strategic reserve asset, placing it alongside gold in the nation’s financial reserves.
According to Begich, the plan isn’t just about embracing technology—it’s about protecting America’s economic sovereignty. “This is about securing America’s economic future,” he said during the conference.
Industry Support and National Security Implications
The initiative has already attracted support from major figures in the crypto world, including Michael Saylor, co-founder of MicroStrategy and one of Bitcoin’s most vocal advocates. Supporters argue that building a national Bitcoin reserve would:
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Strengthen America’s position in the global digital economy
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Encourage innovation in blockchain and financial technology
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Provide a hedge against currency devaluation and financial instability
Critics may view the idea as ambitious, but for proponents, it’s a strategic necessity. As the digital economy continues to grow, Begich believes the United States must lead—not follow.
The BITCOIN Act could signal a turning point in how governments think about money, technology, and long-term national security. While it remains to be seen how the legislation will fare in Congress, the message is clear: Bitcoin isn’t just a financial asset anymore—it’s becoming a matter of national policy.
