{"id":127293,"date":"2025-04-16T12:18:48","date_gmt":"2025-04-16T12:18:48","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127293"},"modified":"2025-04-16T12:18:48","modified_gmt":"2025-04-16T12:18:48","slug":"bitcoin-could-hit-1m-if-us-buys-1m-btc-bitcoin-policy-institute","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127293","title":{"rendered":"Bitcoin could hit $1M if US buys 1M BTC \u2014 Bitcoin Policy Institute"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsA Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC.\u00a0<br \/>\nIn 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.\u00a0<br \/>\n\u201cIf the United States announces that we are buying a million Bitcoin, that\u2019s just a global seismic shock. [&#8230;] I think first, Bitcoin price goes through the roof,\u201d Shapiro said. \u201cI think we\u2019d probably go very quickly to something like a million dollars per Bitcoin.\u201d\u00a0\u00a0\u00a0<br \/>\nThe discussion followed US President Donald Trump\u2019s March 7 executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile.<br \/>\nA \u201cBitcoin superpower\u201d should hold more Bitcoin\u00a0<br \/>\nBPI executive director Matthew Pines said that other nations are watching how the US positions itself with Bitcoin before formulating their own strategies.<br \/>\nThe executive added that holding more Bitcoin aligns with Trump\u2019s promise to make the US a Bitcoin superpower.\u00a0<br \/>\n\u201cIf 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,\u201d Pines said.\u00a0<br \/>\nTrump\u2019s executive order also directs the Treasury and Commerce secretaries to develop \u201cbudget-neutral\u201d strategies for acquiring more Bitcoin to expand the reserve without additional taxpayer burden.<br \/>\nOn 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.\u00a0<br \/>\nRelated: Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale<br \/>\nTariff earnings a \u201cbudget-neutral\u201d strategy for buying Bitcoin<br \/>\nPines 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.\u00a0<br \/>\n\u201cRevenues 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,\u201d Pines said. This could include royalties from oil and gas leases, sales of federal land, physical gold and other digital assets.<br \/>\nOn April 2, Trump imposed a 10% baseline tariff on all imports from all countries through an executive order. The president\u2019s order also included reciprocal tariffs for countries that charge tariffs on US imports. However, the administration\u2019s evolving tariff policy has created ongoing market uncertainty.<br \/>\nMagazine: Riskiest, most \u2018addictive\u2019 crypto game of 2025, PIXEL goes multi-game: Web3 Gamer<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-1-million-dollars-united-states-purchase-tariffs?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsA Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC.\u00a0 In a Bitcoin Magazine podcast,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127293"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127293"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127293\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127293"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}