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US Bitcoin Reserve Unlikely to Buy Under Trump's Term

Guavy AI Editorial Team
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BTC
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According to Bitget CEO Gracy Chen, it is unlikely that the US government will make direct Bitcoin purchases for its Strategic Bitcoin Reserve during President Donald Trump's current term.

The reserve holds BTC obtained through asset forfeitures, and any additional Bitcoin acquisitions must follow budget-neutral strategies that impose no extra costs on American taxpayers.

Chen says legal and budget constraints make direct US government Bitcoin purchases unlikely under Trump.

The Strategic Bitcoin Reserve was established through an executive order signed in March 2020, and initially capitalized with Bitcoin forfeited through criminal and civil cases.

The reserve prevents government-held Bitcoin from being sold, reducing one potential source of market supply.

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