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This week it became known that the administration of Donald Trump is actively considering the possibility of expanding the strategic reserve of US bitcoins. A White House official told the leaders of the crypto industry that the government is committed to acquiring as much BTC as possible without imposing restrictions on the volume of possible purchases.
This news was announced at a closed round table organized by the Institute for Bitcoin Policy. According to those present, Bo Hines, executive director of the Presidential Working Group on Digital Assets, joked in response to a question about the possible volume of bitcoin purchases that it was like asking how many dollars the US government wanted.
Interestingly, the White House emphasizes that any such acquisitions will not be funded by taxpayers and will not damage the state budget. This statement has sparked discussion, especially in light of Senator Cynthia Lummis' recent bill to create a strategic bitcoin reserve. If this law is passed, the US government could potentially purchase up to 1 million $BTC , which is estimated at about $80 billion.
It remains unclear exactly how the Trump administration plans to finance such purchases and what impact this will have on global cryptocurrency markets. Could the massive acquisition of bitcoins by the US government change the balance of power in the crypto industry and make BTC an even more influential asset?
#DonaldTrump #whitehouse #bitcoin

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