Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Ethereum and Solana Holders Take Profit, Investment Into Remittix Soars With Major Updates Near

May 17, 2025

Polygon & XRP Trend 2025, Why Unstaked Is the AI Gamechanger

May 17, 2025

Big Short’s Michael Burry Abruptly Sells Everything – Except for One ‘Recession-Proof’ Asset

May 17, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Ethereum and Solana Holders Take Profit, Investment Into Remittix Soars With Major Updates Near

    May 17, 2025

    Big Short’s Michael Burry Abruptly Sells Everything – Except for One ‘Recession-Proof’ Asset

    May 17, 2025

    High-speed oracles disrupting $50B finance data industry — Web3 Exec

    May 17, 2025

    Bitcoin Mining Stocks Continue Rally as Applied Digital Leads Friday’s Gains

    May 17, 2025

    A Bitcoiner’s guide to South Africa’s Garden Route

    May 17, 2025

    Bitcoin to $250K in 2025 ‘totally possible’ — crypto analyst Scott Melker

    May 17, 2025

    Here’s How Bitcoin Explodes To Up to $200,000 This Summer, According to BitMEX Founder Arthur Hayes

    May 17, 2025

    Bitcoin Cycle Peak Coming Next Year, Says Crypto Analyst Jason Pizzino – Here Are His Targets

    May 17, 2025

    Bitcoin breaks out while Coinbase breaks down: Finance Redefined

    May 16, 2025

    51% attack on Ethereum more difficult than on Bitcoin — Justin Drake

    May 16, 2025

    Starknet hits ‘Stage 1’ decentralization, tops ZK-rollups for value locked

    May 16, 2025

    Ethereum Building Up Momentum Before a Massive Breakout, Predicts Michaël van de Poppe – Here Are His Targets

    May 15, 2025

    Altcoins are on the verge of ‘most powerful rally’ since 2017 — Analyst

    May 16, 2025

    XRP price path to $3.40 remains intact — Here is why

    May 16, 2025

    Judge’s settlement rejection has no effect on legal victory

    May 16, 2025

    The emergence of Sonic and what it means for DeFi: Report

    May 16, 2025

    Ethereum and Solana Holders Take Profit, Investment Into Remittix Soars With Major Updates Near

    May 17, 2025

    Polygon & XRP Trend 2025, Why Unstaked Is the AI Gamechanger

    May 17, 2025

    Big Short’s Michael Burry Abruptly Sells Everything – Except for One ‘Recession-Proof’ Asset

    May 17, 2025

    High-speed oracles disrupting $50B finance data industry — Web3 Exec

    May 17, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Bessent Revealed ALL: Trump's Crypto Plans & Trade Deals!

    May 17, 2025

    It Started: Bitcoin About To Go INSANE

    May 16, 2025

    Cardano Founder Gives AIRDROP Details! (FINALLY!!!)

    May 16, 2025

    FTX Paying Back $5 Billion?! Crypto Recovery Details You NEED to Know!

    May 16, 2025

    XRP The Next Bitcoin (Meta To Acquire Ripple?)

    May 16, 2025
ApeWatcher News
Home » Bitcoin could hit $1M if US buys 1M BTC — Bitcoin Policy Institute
Bitcoin could hit M if US buys 1M BTC — Bitcoin Policy Institute
Bitcoin

Bitcoin could hit $1M if US buys 1M BTC — Bitcoin Policy Institute

Coin TelegraphBy Coin TelegraphApril 16, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

A Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC. 

In a Bitcoin Magazine podcast, Zach Shapiro, the head of policy for the Bitcoin-focused BPI think tank, said that a 1 million Bitcoin (BTC) purchase by the US would have a massive impact on the price of the asset. 

“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 said. “I think we’d probably go very quickly to something like a million dollars per Bitcoin.”   

The discussion followed US President Donald Trump’s March 7 executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile.

A “Bitcoin superpower” should hold more Bitcoin 

BPI executive director Matthew Pines said that other nations are watching how the US positions itself with Bitcoin before formulating their own strategies.

The executive added that holding more Bitcoin aligns with Trump’s promise to make the US 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 said. 

Trump’s executive order also directs the Treasury and Commerce secretaries to develop “budget-neutral” strategies for acquiring more Bitcoin to expand the reserve without additional taxpayer burden.

On March 12, Senator Cynthia Lummis reintroduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act to push US holdings above 1 million BTC. 

Related: Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale

Tariff earnings a “budget-neutral” strategy for buying Bitcoin

Pines also suggested ways to acquire Bitcoin in a budget-neutral fashion. He floated the idea of using tariff revenues to buy Bitcoin and other potential ways for the US government to purchase more BTC. 

“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 said. This could include royalties from oil and gas leases, sales of federal land, physical gold and other digital assets.

On April 2, Trump imposed a 10% baseline tariff on all imports from all countries through an executive order. The president’s order also included reciprocal tariffs for countries that charge tariffs on US imports. However, the administration’s evolving tariff policy has created ongoing market uncertainty.

Magazine: Riskiest, most ‘addictive’ crypto game of 2025, PIXEL goes multi-game: Web3 Gamer

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

A Bitcoiner’s guide to South Africa’s Garden Route

May 17, 2025

Bitcoin to $250K in 2025 ‘totally possible’ — crypto analyst Scott Melker

May 17, 2025

Here’s How Bitcoin Explodes To Up to $200,000 This Summer, According to BitMEX Founder Arthur Hayes

May 17, 2025

Bitcoin Cycle Peak Coming Next Year, Says Crypto Analyst Jason Pizzino – Here Are His Targets

May 17, 2025

Panama City mayor teases Bitcoin reserve after meeting El Salvador’s Bitcoin leaders

May 17, 2025

Paraguay deports three undocumented immigrants after crypto mining theft attempt

May 17, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Ethereum and Solana Holders Take Profit, Investment Into Remittix Soars With Major Updates Near

May 17, 2025

Polygon & XRP Trend 2025, Why Unstaked Is the AI Gamechanger

May 17, 2025

Big Short’s Michael Burry Abruptly Sells Everything – Except for One ‘Recession-Proof’ Asset

May 17, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.