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Potential Impact of a US Purchase of 1 Million Bitcoin on Price

The Bitcoin Policy Institute suggests Bitcoin could reach $1 million if the US acquires 1 million BTC. This follows Trump’s executive order to establish a Strategic Bitcoin Reserve. BPI highlights that the US’s Bitcoin strategy influences global developments. They propose using tariff revenues and other non-tax sources for Bitcoin purchases, further advancing the US’s position as a Bitcoin superpower.

Executive Zach Shapiro from the Bitcoin Policy Institute (BPI) proposed that a purchase of 1 million Bitcoin (BTC) by the United States could elevate Bitcoin’s price to $1 million per coin. During a Bitcoin Magazine podcast, he underscored the enormous ramifications such an acquisition would have, describing it as a global seismic shock that would drastically increase demand and price.

The discussion was prompted by a recent executive order from US President Donald Trump, which initiated the establishment of a Strategic Bitcoin Reserve. BPI’s Executive Director Matthew Pines noted that the global community is observing the US’s move towards Bitcoin as they define their own strategies, linking Bitcoin holdings to the nation’s aspiration of becoming a Bitcoin superpower.

Pines emphasised that for the US to achieve this goal, the quantity of Bitcoin it holds is critical. He referenced Trump’s executive order, which tasks Treasury and Commerce secretaries with developing strategies for Bitcoin acquisition without imposing additional taxes on citizens. The reintroduction of the BITCOIN Act aims to facilitate US holdings of over 1 million Bitcoin.

Incorporating budget-neutral methods for purchasing Bitcoin was also discussed. Pines suggested utilising tariff revenues, along with other non-tax fee income, to fund Bitcoin acquisitions. This can encompass tariff revenues, royalties from oil and gas leases, and sales of federal land, thus avoiding additional taxpayer costs. Previous tariff policies imposed by Trump have raised market uncertainties around Bitcoin’s acquisition.

Shanice Murray is a dynamic multimedia journalist with a passion for storytelling through various platforms. Originally from Jamaica, she completed her studies at the University of the West Indies before relocating to the United States to further her career in journalism. With over 10 years of experience in both print and digital media, Shanice has earned multiple awards for her innovative approaches to reporting on cultural issues and human interest stories.

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