Review article
https://doi.org/10.46672/aet.12.1.3
BITCOIN ACT OF 2024: FROM MONETARY AMBITIONS TO GEOPOLITICAL CONSEQUENCES
Ivor Altaras Penda
; Libertas International University
Abstract
This paper provides an analytical evalua
tion of the Bitcoin Act of 2024 bill, which established
a strategic reserve of 1 million U.S.-owned bitcoins.
According to the bill’s sponsor, Senator Cynthia
Lummis, this accumulation was intended to ensure
U.S. financial independence, monetary stability, and
the preservation of global dominance. The paper has
a dual purpose: first, to review the claims that bitcoin
possessed key monetary characteristics; secondly, to
provide sustainable models of financing the proposed
accumulation. Descriptive, normative, statistical,
qualitative-comparative, and econometric methods
were applied in the analysis. The final part of the pa
per offers a political science projection of possible ge
opolitical consequences of the implementation of the
law. In conclusion, the paper determines that bitcoin
did not meet key monetary functions, and that the bill
requires significant changes.
Keywords
Hrčak ID:
347543
URI
Publication date:
1.6.2026.
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