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Changpeng Zhao Asks: Is US Government Quietly Buying Bitcoin?


Changpeng Zhao Asks: Is US Government Quietly Buying Bitcoin?

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  • Zhao said that you can either buy Bitcoin after the US government is done buying or before
  • Four US states passed the Strategic Bitcoin Reserve legislation out of committee 
  • These developments may indicate that the US government is actively accumulating Bitcoin

Changpeng Zhao, co-founder and former CEO of Binance, recently hinted that the US government is a major buyer of Bitcoin.

Yesterday on X, he tweeted: “You can buy Bitcoin after the US government is done buying, or before. There is no other choice.”

This tweet followed reports that Montana’s proposed ‘Strategic Bitcoin Reserve’ legislation has successfully passed committee review and will now proceed to a vote on the House floor.

Montana Bill Sparks Speculation of US Bitcoin Reserve

The bill proposes the creation of a special revenue account that allows the state to invest in precious metals, stablecoins, and digital assets with an average market capitalization over $750 billion over the past year. Right now, Bitcoin is the sole cryptocurrency that meets this criteria.

Montana joins a growing number of states, including Utah, Arizona, and Oklahoma, that have advanced similar Bitcoin r…

The post Changpeng Zhao Asks: Is US Government Quietly Buying Bitcoin? appeared first on Coin Edition.

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