Is the White House hoarding Bitcoin? The U.S. government may become the biggest "speculator" in cryptocurrency!
David Sacks, the White House crypto affairs director, recently dropped a bombshell at the Bitcoin 2025 conference: the U.S. government is exploring how to buy more Bitcoin! As soon as the news broke, Bitcoin's price shot up like a rocket!
Sacks mentioned that for the government to buy Bitcoin, there is one condition: it must be "budget neutral," which means they cannot spend taxpayers' money, nor can they let national debt reach new highs. So where will the money come from? Sacks hinted that they must make the Treasury or Commerce Department see this matter as "very appealing," and then find a way to raise the funds themselves.
The implication here is that discussions are happening within the U.S. government, and even the president has nodded in agreement! If the U.S. government really starts hoarding Bitcoin, the impact could be enormous. Just think about it, if the government starts buying Bitcoin, it would be like an official endorsement! Wouldn't Bitcoin's price skyrocket thereafter?
However, this has also sparked a lot of controversy. Some are concerned that government buying could exacerbate market volatility and even trigger a financial crisis. Others question where the money for government purchases would come from. Could it involve firing up the printing press, leading to a depreciation of the dollar?
In short, whether the U.S. government should hoard Bitcoin is still uncertain. But one thing is for sure: Bitcoin is increasingly recognized by mainstream institutions, and its position in the financial market will only become more important in the future!
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