White House Doubles Down on Bitcoin! 200,000 BTC Not Enough, Plans to Buy as Much as Possible!

Source Tradingkey

TradingKey - The U.S. claims it will buy as much Bitcoin as possible to widen the gap with China and establish absolute dominance.  

According to market sources, Bo Hines, Executive Director of the Digital Assets Task Force appointed by U.S. President Trump, told attendees at a closed-door roundtable hosted by the Bitcoin (BTC)  Policy Institute that the White House plans to purchase as much Bitcoin as possible.

The news has been confirmed by a White House official, who stated that all Bitcoin purchases will be budget-neutral and will not cost U.S. taxpayers a single penny.  

Previously, when signing the executive order, Trump also made it clear that no taxpayer funds would be used. Instead, the U.S. government would convert 198,000 confiscated Bitcoins into reserve assets.

The Trump administration's decision not to use fiscal funds to purchase Bitcoin has significantly dampened market bullish sentiment but also reduced resistance to the plan's implementation. In fact, if the Trump administration had directly used fiscal funds, it could have sparked opposition from various factions and the public, potentially derailing the plan.

Currently, the U.S. holds the largest amount of Bitcoin globally, but its lead over China's 190,000 BTC is minimal, which may be the driving force behind the U.S. continuing to increase its holdings. Recently, U.S. Senator Cynthia Lummis proposed a bill requiring the U.S. to purchase up to 1 million Bitcoins within five years.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD climbs to near $3,350 on uncertainty about Trump's tariff policiesThe Gold Price (XAU/USD) drifts higher to near $3,350 during the early Asian session on Monday after facing some profit-taking due to the long weekend. Uncertainty about US President Donald Trump's tariff policies and persistent geopolitical tensions continue to underpin the precious metal. 
Author  FXStreet
7 hours ago
The Gold Price (XAU/USD) drifts higher to near $3,350 during the early Asian session on Monday after facing some profit-taking due to the long weekend. Uncertainty about US President Donald Trump's tariff policies and persistent geopolitical tensions continue to underpin the precious metal. 
placeholder
Bitcoin’s Largest Holders Are Stacking Again — What It Means For The MarketAmidst the choppy price action, Bitcoin whales appear to be increasing their holdings, perhaps in anticipation of future price gains.
Author  NewsBTC
6 hours ago
Amidst the choppy price action, Bitcoin whales appear to be increasing their holdings, perhaps in anticipation of future price gains.
placeholder
Here are all the Trump insiders who sold off billions in stocks before tariff announcementExecutives from some of America’s biggest companies sold off billions of dollars in shares right before Trump’s tariff announcement hit the markets. The trades happened during the first quarter of 2025, as tension built around the White House’s next economic move.
Author  Cryptopolitan
6 hours ago
Executives from some of America’s biggest companies sold off billions of dollars in shares right before Trump’s tariff announcement hit the markets. The trades happened during the first quarter of 2025, as tension built around the White House’s next economic move.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
6 hours ago
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Trump’s "Golden Rule" Fuel Gold Rally, Trump’s Shadow Looms Large Over Gold Bull MarketOn the morning of April 21, international gold prices rose nearly 1%, currently trading at 3,381.42 per ounce. Driven by risk−averse sentiment, gold prices breached the 3,380 mark for the first time in history and continued to set new all-time highs.
Author  TradingKey
4 hours ago
On the morning of April 21, international gold prices rose nearly 1%, currently trading at 3,381.42 per ounce. Driven by risk−averse sentiment, gold prices breached the 3,380 mark for the first time in history and continued to set new all-time highs.
goTop
quote