🏓 Bitcoin Price Could Jump to $1 Million If the US Buys 1 Million BTC — Bitcoin Policy Institute
The price of Bitcoin could skyrocket to $1 million if the US government decides to buy 1 million BTC, according to the Bitcoin Policy Institute (BPI).
📎 Key Takeaways:
✨ Zach Shapiro, BPI’s head of policy, spoke about the potential impact of the US buying 1 million BTC, saying it would cause a “seismic shock” to global markets that could send Bitcoin to $1 million.
✨ Matthew Pines, BPI’s executive director, stressed that US adoption of Bitcoin is in line with Trump’s goal of making the US a “Bitcoin superpower.” The more BTC the US holds, the more it will demonstrate its commitment to the crypto asset.
📈 What Impact Will the US Buy Bitcoin Have?
✨ Buying 1 million BTC would send shockwaves through the crypto world, and the price of bitcoin could reach astronomical levels.
✨The US government could use tariff revenue and other budget-neutral strategies to acquire more bitcoin without putting additional burden on taxpayers.
🔖How could the US finance its bitcoin purchases?
✨ Tariff revenue, oil and gas royalties, federal land sales, and even digital assets could be used to buy bitcoin, according to BPI.
✨Trump imposed a base 10% tariff on imports on April 2, which could provide the revenue needed to support the US bitcoin purchase strategy.
🇺🇸 What's Next for Bitcoin in the US?
✨ Senator Cynthia Lummis has reintroduced the BITCOIN Act, a bill aimed at increasing the US bitcoin supply to 1 million BTC.
✨ As tariff policy evolves, market uncertainty remains, but the idea of using non-tariff revenues to fund Bitcoin purchases could help stabilize the market and position the U.S. as a dominant force in the crypto space.