#SolanaSurge A Bitcoin Policy Institute (BPI) executive proposed a Bitcoin price scenario of 1 million dollars if the United States were to buy 1 million BTC.

In a Bitcoin Magazine podcast, Zach Shapiro, head of policy at the Bitcoin-focused think tank, BPI, said that the purchase of 1 million Bitcoin

BTC

74,251 €

by the United States would have a massive impact on the asset's price.

“If the United States announces that we are buying a million Bitcoin, that is simply a global seismic shock. [...] I think, first, the price of Bitcoin will skyrocket,” Shapiro said. “I think we would probably reach something like a million dollars per Bitcoin very quickly.”

The discussion followed the executive order from U.S. President Donald Trump on March 7, establishing a Strategic Bitcoin Reserve and a Digital Assets Reserve.