TRUMP ADMINISTRATION PLANS BITCOIN PURCHASE WITH TARIFF REVENUE!
The Trump administration is exploring ways to increase the United States' Bitcoin holdings without burdening taxpayers or increasing national debt. Here's what's happening :
Using Tariff Revenue: The administration is considering using funds generated from import tariffs to purchase Bitcoin. This approach aims to make the Bitcoin Strategic Reserve self-funding without relying on taxpayer dollars.
Revaluing Gold Certificates: Another proposal involves revaluing Treasury gold certificates, which are currently listed at $43 per ounce, to their current market value of around $3,100 per ounce. This could generate a substantial accounting surplus, potentially used to acquire Bitcoin.
Strategic Bitcoin Reserve: The goal is to build a permanent strategic Bitcoin reserve, rather than using the assets for short-term speculation. This reserve could help the US government hold a significant portion of the total Bitcoin supply.
Legislative Support: Senator Cynthia Lummis' proposed Bitcoin Act of 2025 aims to acquire up to 1 million BTC over five years, which aligns with the administration's ambitions.
Potential Impact: If implemented, this plan could have significant implications for the cryptocurrency market, potentially driving up demand and prices. It could also signal a shift in the US government's approach to digital assets, embracing a more assertive and strategic role.
Bo Hines, Executive Director of the President's Council of Advisers on Digital Assets, emphasized the administration's commitment to acquiring as much Bitcoin as possible without burdening taxpayers. The plan's success depends on various factors, including bipartisan support and economic feasibility .#TrumpCryptoSupport #TrumpCrypto #BitcoinWithTariffs