04-16-2025, 03:35 PM
Bitcoin could hit $1M if US buys 1M BTC — Bitcoin Policy Institute
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNkZWEtM2IwNy03ZWUzLWI1ZGItNmViOTlkOTU1ZTY3.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNkZWEtM2IwNy03ZWUzLWI1ZGItNmViOTlkOTU1ZTY3.jpg" alt="Bitcoin could hit $1M if US buys 1M BTC — Bitcoin Policy Institute"></p><p>A Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC. <p>In a Bitcoin Magazine podcast, Zach Shapiro, the head of policy for the Bitcoin-focused BPI think tank, <a data-ct-non-breakable="null" href="https://www.youtube.com/watch?v=9QR48toKxNk" rel="null" target="null" text="null" title="null">said</a> that a 1 million Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) purchase by the US would have a massive impact on the price of the asset. </p><p>“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.” </p><p>The discussion followed US President Donald Trump’s <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/donald-trump-signs-executive-order-strategic-bitcoin-reserve" rel="" target="_self" text="null" title="https://cointelegraph.com/news/donald-trump-signs-executive-order-strategic-bitcoin-reserve">March 7 executive order</a> establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile.</p><template data-ct-widget="buzzsprout" data-buzzsprout-podcast-id="2096305" data-buzzsprout-episode-id="16567527"></template><h2>A “Bitcoin superpower” should hold more Bitcoin </h2><p>BPI executive director Matthew Pines said that other nations are watching how the US positions itself with Bitcoin before formulating their own strategies.</p><p>The executive added that holding more Bitcoin aligns with Trump’s promise to make the US a Bitcoin superpower. </p><p>“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. </p><p>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.</p><p>On March 12, Senator Cynthia Lummis reintroduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act to push US holdings <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/senator-cynthia-lummis-new-bitcoin-act-one-million-btc" rel="null" target="null" text="null" title="null">above 1 million BTC</a>. </p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/semler-scientific-reports-paper-loss-bitcoin-floats-securities-sale" rel="null" target="null" text="null" title="null"><em><strong>Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale</strong></em></a></p><h2>Tariff earnings a “budget-neutral” strategy for buying Bitcoin</h2><p>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. </p><p>“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.</p><p>On April 2, Trump <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/president-trump-signs-reciprocal-tariff-executive-order" rel="null" target="null" text="null" title="null">imposed a 10% baseline tariff</a> 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 <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/commerce-secretary-lutnick-walks-back-tariff-relief-electronics" rel="" target="_self" text="null" title="https://cointelegraph.com/news/commerce-secretary-lutnick-walks-back-tariff-relief-electronics">evolving tariff policy</a> has created ongoing market uncertainty.</p><iframe width="100%" height="315" src="https://www.youtube.com/embed/ESb74Syk828?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/cambria-riskiest-addictive-crypto-game-pixel-multi-game-web3-gamer/" rel="null" target="null" text="null" title="null"><em><strong>Riskiest, most ‘addictive’ crypto game of 2025, PIXEL goes multi-game: Web3 Gamer</strong></em></a></p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/bitcoin-1...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNkZWEtM2IwNy03ZWUzLWI1ZGItNmViOTlkOTU1ZTY3.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNkZWEtM2IwNy03ZWUzLWI1ZGItNmViOTlkOTU1ZTY3.jpg" alt="Bitcoin could hit $1M if US buys 1M BTC — Bitcoin Policy Institute"></p><p>A Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC. <p>In a Bitcoin Magazine podcast, Zach Shapiro, the head of policy for the Bitcoin-focused BPI think tank, <a data-ct-non-breakable="null" href="https://www.youtube.com/watch?v=9QR48toKxNk" rel="null" target="null" text="null" title="null">said</a> that a 1 million Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) purchase by the US would have a massive impact on the price of the asset. </p><p>“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.” </p><p>The discussion followed US President Donald Trump’s <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/donald-trump-signs-executive-order-strategic-bitcoin-reserve" rel="" target="_self" text="null" title="https://cointelegraph.com/news/donald-trump-signs-executive-order-strategic-bitcoin-reserve">March 7 executive order</a> establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile.</p><template data-ct-widget="buzzsprout" data-buzzsprout-podcast-id="2096305" data-buzzsprout-episode-id="16567527"></template><h2>A “Bitcoin superpower” should hold more Bitcoin </h2><p>BPI executive director Matthew Pines said that other nations are watching how the US positions itself with Bitcoin before formulating their own strategies.</p><p>The executive added that holding more Bitcoin aligns with Trump’s promise to make the US a Bitcoin superpower. </p><p>“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. </p><p>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.</p><p>On March 12, Senator Cynthia Lummis reintroduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act to push US holdings <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/senator-cynthia-lummis-new-bitcoin-act-one-million-btc" rel="null" target="null" text="null" title="null">above 1 million BTC</a>. </p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/semler-scientific-reports-paper-loss-bitcoin-floats-securities-sale" rel="null" target="null" text="null" title="null"><em><strong>Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale</strong></em></a></p><h2>Tariff earnings a “budget-neutral” strategy for buying Bitcoin</h2><p>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. </p><p>“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.</p><p>On April 2, Trump <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/president-trump-signs-reciprocal-tariff-executive-order" rel="null" target="null" text="null" title="null">imposed a 10% baseline tariff</a> 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 <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/commerce-secretary-lutnick-walks-back-tariff-relief-electronics" rel="" target="_self" text="null" title="https://cointelegraph.com/news/commerce-secretary-lutnick-walks-back-tariff-relief-electronics">evolving tariff policy</a> has created ongoing market uncertainty.</p><iframe width="100%" height="315" src="https://www.youtube.com/embed/ESb74Syk828?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/cambria-riskiest-addictive-crypto-game-pixel-multi-game-web3-gamer/" rel="null" target="null" text="null" title="null"><em><strong>Riskiest, most ‘addictive’ crypto game of 2025, PIXEL goes multi-game: Web3 Gamer</strong></em></a></p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/bitcoin-1...er_inbound