The Bitcoin Act Promises to Find 'Budget-Neutral' Ways to Increase the Planned US Bitcoin Reserve

The White House promised to find 'budget-neutral' ways to increase the planned US Bitcoin reserve. That means they can't buy Bitcoin outright.

The U.S. is getting closer to buying 1M Bitcoins.

But with the new BITCOIN Act focusing on ‘budget-neutral’ ways to increase the planned US Bitcoin reserve, how exactly can the government be making these purchases?

Well, the act, introduced by Senator Lummis, Senate Banking Subcommittee on Digital Assets Chair, also includes an interesting way to fund the BTC acquisition.

Specifically, the legislation proposes acquiring 1M Bitcoins over the next five years. This would be funded through the sale of Federal Reserve gold certificates to realize the full scope of the administration’s digital asset strategy.

The legislation, which would create a new U.S. Treasury Digital Asset Acquisition Program, is part of a broader effort by Congress to regulate the cryptocurrency industry.

This new legislation would see the administration invest in BTC in a way that is budget-neutral and allocates no taxpayer funds.

It would also see the creation of a U.S. Treasury Digital Asset Acquisition Program to acquire up to 1M Bitcoins over the next five years.

These purchases would be funded by the sale of Federal Reserve gold certificates, and they would be made at a rate that is consistent with the Treasury’s investment strategy.

The legislation also includes a provision for the establishment of a Presidential Council of Advisers on Digital Assets. This council would be tasked with advising the president on the role of digital assets in the U.S. economy and the government’s strategy for engaging with digital assets.

It is clear that the crypto markets are in a difficult place at present.

The first quarter of 2024 has seen some stellar moves from multiple state governments to integrate crypto into their treasury holdings and invest in the stipends.

But on the other side of the coin, there has been an onslaught of new coins promising the moon and delivering nothing but disappointment.

As demand for Bitcoin rises, so too will many of the top altcoins. Here are three of the best altcoins to watch closely in 2024 for their big-gains potential. Could they go 100x in a bull market?

1. Catslap ($SLAP) – Competitive Slap-to-Earn Gains 450% Post-Launch

Play-to-Earn fans, prepare to be conflicted.

Pick the meme and popular figure of your choice – Musk? Trump? Pepe? – and slap ‘em.

The choice might be difficult, but who doesn’t love slapping stuff? Especially when it earns you free crypto in the form of $SLAP tokens.

To play Catslap, you need to connect an EVM-compatible wallet like the Best Wallet app to receive your $SLAP rewards, which are allocated based on your standing in the Leaderboard.

Leaderboard points are a combination of Slap points from the Catslap game itself, and Zealy Points, earned by completing social media tasks and quests.

You need to hold $SLAP to play the Catslap game. $SLAP tokens can be purchased through Best Wallet. Rewards from the Leaderboard are distributed in the Slapdrop, distributed to your connected Best Wallet.

Learn how to buy $SLAP in our guide, or check out why we think the token could go 5x and reach $0.0135 in our Catslap price prediction.

Visit the Catslap page for more information; you can also find Catslap in the Best Wallet app.

2. Meme Index (MEMEX) – Next-Level Memecoin Investing with 547% Staking APY

Meme Index (MEMEX) sets its investors up with a tool that helps them make sense of the crazy meme coin market.

Stock markets have used indexes for years to track and invest in the performance of entire sectors at once. Well-known examples include the Dow Jones Industrial Average, a name even non-investors recognize.

Meme Titan tracks the biggest memecoinsss – $DOGE, $PEPE, and more.

Meme Frenzy, at the other end of the spectrum, follows new and emerging cryptos, embracing the volatility to harness the biggest potential for crazy memecoin gains.

Early investors can also stake their $MEMEX tokens during the presale for an estimated 547% APY.  Token holders also get governance rights. This means they help shape the direction of the project and vote on which tokens are included in the indexes.

New meme coins come and go, but Meme Index gives investors a way to navigate the market without needing to research and invest in each token individually. With four indexes planned so far, there’s something for every investor, from the risk-adverse to degens.

The project has raised some $4.2M in the presale so far, and you can purchase $MEMEX tokens for $0.0166883. The price could go much higher; our Meme Index price prediction sees it potentially reaching $0.0