Industry Expert Predicts Bitcoin’s Non-Stop Rocket Surge To $1 Million If the U.S. Purchases One Million BTC
An executive at the Bitcoin Policy Institute (BPI) has suggested that the Bitcoin price could reach $1 million if the United States government were to announce a plan to acquire 1 million BTC.
US Government Buying 1 Million Bitcoins Could Trigger $1 Million BTC Price Earthquake
In an interview with the Bitcoin magazine, the Bitcoin Policy Institute’s head of policy, Zach Shapiro, asserted that a 1 million Bitcoin buy by the US would have a remarkable effect on the price of the alpha crypto.
“If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock. I think first, Bitcoin price goes through the roof,” Shapiro posited. “I think we’d probably go very quickly to something like a million dollars per Bitcoin.”
The discussion came on the heels of US President Donald Trump’s executive order last month establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile. Days later, pro-crypto Senator Cynthia Lummis reintroduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, which would obligate the U.S. government to purchase one million BTC.
BPI’s executive director, Matthew Pines, further noted that holding more BTC would codify President Trump’s pledge to make America a Bitcoin superpower.
“If Donald Trump wants to make good on his promise to be a Bitcoin superpower, that ultimately comes down to how much Bitcoin you have. This is a measure of how much the United States is making good on that rhetorical objective,” Pines explained.
Trump’s EO also directs the Treasury and Commerce secretaries to come up with “budget-neutral” strategies for additional Bitcoin purchases without burdening taxpayers.
Pines cited tariff earnings as one of the ways the US government can acquire Bitcoin.
“Revenues that the government can use to acquire more Bitcoin would be things like tariff revenue or other fees that the government collects that are not tax-based fees,” Pines stated. This could include royalties from oil and gas leases, sales of federal land, physical gold, and other digital assets.”
Additionally, he pointed out that the U.S.’s potential large-scale Bitcoin purchases are likely to prompt other nations to develop their own BTC strategies.
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Industry Expert Predicts Bitcoin’s Non-Stop Rocket Surge To $1 Million If the U.S. Purchases One Million BTC
An executive at the Bitcoin Policy Institute (BPI) has suggested that the Bitcoin price could reach $1 million if the United States government were to announce a plan to acquire 1 million BTC.
US Government Buying 1 Million Bitcoins Could Trigger $1 Million BTC Price Earthquake
In an interview with the Bitcoin magazine, the Bitcoin Policy Institute’s head of policy, Zach Shapiro, asserted that a 1 million Bitcoin buy by the US would have a remarkable effect on the price of the alpha crypto.
“If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock. I think first, Bitcoin price goes through the roof,” Shapiro posited. “I think we’d probably go very quickly to something like a million dollars per Bitcoin.”
The discussion came on the heels of US President Donald Trump’s executive order last month establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile. Days later, pro-crypto Senator Cynthia Lummis reintroduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, which would obligate the U.S. government to purchase one million BTC.
BPI’s executive director, Matthew Pines, further noted that holding more BTC would codify President Trump’s pledge to make America a Bitcoin superpower.
“If Donald Trump wants to make good on his promise to be a Bitcoin superpower, that ultimately comes down to how much Bitcoin you have. This is a measure of how much the United States is making good on that rhetorical objective,” Pines explained.
Trump’s EO also directs the Treasury and Commerce secretaries to come up with “budget-neutral” strategies for additional Bitcoin purchases without burdening taxpayers.
Pines cited tariff earnings as one of the ways the US government can acquire Bitcoin.
“Revenues that the government can use to acquire more Bitcoin would be things like tariff revenue or other fees that the government collects that are not tax-based fees,” Pines stated. This could include royalties from oil and gas leases, sales of federal land, physical gold, and other digital assets.”
Additionally, he pointed out that the U.S.’s potential large-scale Bitcoin purchases are likely to prompt other nations to develop their own BTC strategies.
Read More