#The US Bitcoin Bill Will Have a Profound Impact#

The passage of the U.S. Bitcoin Act is widely recognized as having a profound impact on the Bitcoin market. CoinShares believes that the bill's passage will accelerate Bitcoin adoption, even faster than the launch of exchange-traded funds (ETFs) in 2024. The bill instructs the U.S. Treasury to purchase 1 million BTC over five years, establishing a "strategic Bitcoin reserve," which will significantly enhance Bitcoin's credibility and attract more institutional investors to the market. CoinShares believes that institutional investor confidence in Bitcoin remains a major obstacle to its widespread adoption, and the passage of this bill will effectively address this issue. Some industry executives even predict that the bill's passage could ultimately push Bitcoin's price above $1 million per coin. While the bill has yet to be passed into law, its potential impact has already garnered widespread attention and is considered a major driver of future Bitcoin market development.