U.S. Treasury Secretary Basent recently dropped a big announcement, saying the government is prepared to include confiscated Bitcoin in the national strategic reserve! This operation is truly something I've never heard of before; it feels like the U.S. government's attitude toward cryptocurrency is subtly changing.
Even more explosive is that they are also studying how to acquire more Bitcoin in a 'budget-neutral' way—basically, they don't want to spend treasury money but still want to stock up on coins. I guess it might be through law enforcement seizures or swapping with other assets? After all, over the past few years, the U.S. Department of Justice and the FBI have been busy raiding homes, and the amount of confiscated Bitcoin is quite considerable.
This is quite interesting, indicating that although the U.S. government often claims that cryptocurrencies are highly risky, they are being very honest and have already started to seriously consider Bitcoin as a strategic asset. It makes sense; now that central banks around the world are working on digital currency initiatives, the U.S. can't fall behind, right? Moreover, the total amount of Bitcoin is only 21 million coins, and it gets harder to mine as time goes on, so stocking up a bit early isn't a bad idea.
However, how exactly they will operate remains a mystery. 'Budget-neutral' sounds quite mysterious; could it be that they are using confiscated drug dealers' Bitcoin to trade for mining machines? Or using dollar reserves as collateral to borrow coins? Anyway, given the style of the U.S. government, they must be quietly planning something. Once Basent said this, I estimate that many institutional investors will have to reassess Bitcoin's long-term value.