United States will buy bitcoin?

United States will buy bitcoin. The United States holds approximately 200,000 bitcoins from legal cases. Meanwhile, the government is considering purchasing them.

While the strategic bitcoin reserve in the United States has yet to be established, it remains at the heart of discussions within the Trump administration. This reserve will consist of 198,012 bitcoins (worth $23.48 billion) resulting from legal cases. However, other bitcoins could be added to this reserve. As a reminder, the United States is the largest holder of bitcoins in the world, ahead of China, which has 194,000.

Additionally, there are “countless ways to accumulate bitcoins,” he said, such as buying as long as it’s “neutral” from a budget perspective. In reality, there aren’t many ways to acquire bitcoins these days. You either have to mine them or buy them.

Today, only two out of nine countries holding bitcoin are actually buying it. These are El Salvador (which recognized bitcoin as legal tender in 2021 before its bitcoin law was overturned by the IMF) and Bhutan, which hold 6,246 bitcoins and 11,286 bitcoins, respectively.

Evoking a form of game theory and domino effect, the expert bets on an explosion in the price of bitcoin in the event of a race to buy them by governments, while the supply of bitcoins in circulation is limited to 21 million units.

As a reminder, the price of Bitcoin has increased by 73% in one year, mainly driven by the arrival of Donald Trump in the White House. The American president intends to make the United States the world capital of cryptocurrencies, doing everything possible to develop the sector. On July 18, the United States enacted its first law aimed at regulating the crypto ecosystem, initially by regulating stablecoins.