In her strategy, Cynthia Lummis proposes using US Treasury gold certificates to buy Bitcoin. The initiative involves buying 5% of BTC from the market and then storing it for 20 years. This would require about $90 billion.

VanEck analysts predict that the Bitcoin exchange rate will grow by an average of 25% per year, then by 2049 the US government reserve could reach $42 trillion. And the national debt, according to their estimates, is growing by 5% per year, so by that time it will amount to $119 trillion.

“This reserve could amount to about 35% of the national debt by 2049, or $42 trillion in debt relief,” write VanEck research chief Matthew Siegel and investment analyst Nathan Frankovitz.

It is worth noting that analysts base their scenario on a Bitcoin price of $200,000 in 2025. Currently, 198,100 BTC are stored in US government wallets, and Lummis' strategy proposes to purchase another 801,900 coins.

Earlier, Matthew Siegel warned that the Bitcoin price could fall significantly before the next stage of growth.

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Binance.US, the American arm of cryptocurrency exchange Binance, plans to resume US dollar services early next year, according to the platform's acting CEO Norman Reed.

He said Binance.US is “closer than ever” to restoring USD services and plans to achieve that goal in early 2025.

"In addition to bringing back the US dollar, we are looking to solidify our reputation as the best crypto platform with low fees and high rewards,” he wrote on his social media page.

Reed said that the American crypto community can expect more announcements in the coming months.

"I firmly believe that 2025 will be a breakthrough year for Binance.US, and our teams are working hard to create a comeback story for the ages. I invite everyone to join us in taking Binance.US to the next level,” he said.

Interestingly, Reed's statement comes just days after Binance CEO Richard Teng told Bloomberg TV that it was too early to discuss whether the exchange would be able to resume operations in the US.

Binance.US launched in the US market in 2019. In June 2023, the US Securities and Exchange Commission sued Binance, accusing the company of failing to obtain permission to operate its unit. Last October, Binance.US stopped supporting dollars and declared itself a “crypto-only exchange.”

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Traditionally focused on wealthy shoppers, the market has long ignored the opportunities offered by the growing cryptocurrency market. But now Balenciaga, ST Dupont, Tag Heuer, and Printemps are looking to cryptocurrency payments as an opportunity to attract a younger, tech-savvy clientele.

“Cryptocurrency payments could be a new way for luxury companies to position themselves as innovative rather than old, prim, boomer brands,” explained digital asset analysts at S&P Global Ratings.

Luxury goods conglomerate Kering (EPA: PRTP ), which owns brands like Gucci, has rolled out new technology that allows cryptocurrency payments for most products in the United States.

Cruise operator Virgin Voyages has begun offering bitcoin as a payment option for $120,000 annual passes, allowing wealthy customers to travel on its ships for anywhere from a few weeks to a year.

S&P Global Ratings said that the scale of cryptocurrency use as a means of payment is still small, and most retailers prefer to convert digital assets into fiat to minimize risks, but the rapid growth of technological capabilities encourages brands to create exclusive products and services aimed at crypto enthusiasts.

Payment solutions provider Checkout.com conducted a study, according to which about 30% of Britons are ready to use cryptocurrency as a means of payment.

Earlier, the Australian auction house Lloyds Auctions added the ability to purchase real estate and other goods for bitcoins, which attracted great interest from bidders.

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