Potential Bitcoin Price Surge to $1 Million if US Acquires 1 Million BTC

The Bitcoin Policy Institute executive suggests that US purchasing 1 million BTC could increase Bitcoin’s price to $1 million. This scenario is linked to President Trump’s recent executive order promoting a Strategic Bitcoin Reserve. BPI officials state that significant Bitcoin acquisition is crucial for US leadership in cryptocurrency, while strategies for budget-neutral purchasing are being considered, including using tariff revenues.

Zach Shapiro, head of policy at the Bitcoin Policy Institute (BPI), proposed a scenario in which the price of Bitcoin (BTC) could soar to $1 million if the United States were to purchase 1 million BTC. During a podcast with Bitcoin Magazine, Shapiro emphasised the potential seismic impact such an announcement would have on the global market, asserting that it would cause an immediate increase in Bitcoin’s valuation.

This discussion emerged in light of President Donald Trump’s recent executive order that established a Strategic Bitcoin Reserve and a Digital Asset Stockpile. BPI executive director Matthew Pines remarked that international observers are keen to gauge the US’s approach to Bitcoin, as it may influence their own strategies regarding cryptocurrency ownership.

Pines reiterated that, for Trump to fulfil his vision of the US as a Bitcoin superpower, significant acquisition of Bitcoin is essential. He stated that the US’s Bitcoin holdings will serve as a tangible measure of its commitment to becoming a leader in this emerging financial realm. Trump’s executive order mandated that Treasury and Commerce secretaries devise budget-neutral strategies for Bitcoin acquisition, thereby shielding taxpayers from additional burdens.

Additionally, Senator Cynthia Lummis has reintroduced the BITCOIN Act, aimed at elevating US Bitcoin reserves beyond the 1 million BTC mark. Pines presented suggestions for budget-neutral approaches to Bitcoin acquisition, proposing the use of tariff revenues as potential funding sources. This includes various non-tax revenue streams such as royalties from federal land sales and fees for oil and gas leases, which could be channelled into Bitcoin purchases.

On April 2, Trump implemented a 10% baseline tariff on all imports, coupled with reciprocal tariffs for countries imposing tariffs on US goods. Despite these efforts, the ongoing changes in tariff policy have introduced some market uncertainty, prompting further debate on the best strategies for Bitcoin accumulation.