After US President Donald Trump signed a decree To create a strategic cryptocurrency reserve, the government is now exploring ways to buy bitcoin without using taxpayers money. This decision marks a big change in its approach to digital assets and could increase the price of Bitcoin to $ 100,000 soon.
US government’s eyes to add more bitcoin
Bo Hines, Executive Director of the Presidential Council for Digital Assets, confirmed that the US government Works on a plan to build a strategic bitcoin reserve. This follows President Trump’s campaign promises and highlights the growing role of Bitcoin in the economy.
The exact size of the reserve is unknown, but those responsible aim to perceive as much bitcoin as possible without using taxpayers money. To achieve this, the government works with the Treasury Department and the Secretary of Commerce.
Unlike traditional assets such as actions or obligations, Bitcoin is considered a single financial tool. The administration considers it as digital gold which could strengthen the country’s economy.
No taxpayers’ money involved
A key point of this plan is that taxpayers will not be used. Instead, officials explore other ways to finance Bitcoin purchases, although the exact details remain vague.
Hines assured that the government wanted to build its Bitcoins farms without exerting financial pressure on citizens.
Debate on a national Bitcoin reserve
The idea of a Bitcoin national reserve sparked mixed reactions. Supporters believe that the decentralized nature of Bitcoin makes it great coverage against inflation and the devaluation of the frames. They see it as a means for the United States to strengthen its financial situation in the world economy.
On the other hand, criticism warns against Bitcoin volatility and regulatory uncertainty surrounding digital assets. Despite these concerns, the administration remains firm in its commitment to increase Bitcoin assets.