The Bitcoin Policy Institute suggests that if the US government buys 1 million BTC, Bitcoin can reach the price of $1 million. Zach Shapiro, the Institute’s policy director, said in a podcast for the Bitcoin magazine:
The discussion took place in the context of a March 7 executive order by President Donald Trump, who established a strategic Bitcoin reserve and digital assets stockpile. The order also directed the secretaries of the Treasury and Commerce to develop ways to acquire Bitcoin in a way that does not increase the federal budget. One of the proposed approaches was the use of revenue streams that were not related to taxation.
Matthew Pines, executive director of the Bitcoin Policy Institute, said in the same debate that his ability to hold more Bitcoin would reflect how serious the US is about what Trump described as a “bitcoin superpower.” Pines said, “If Donald Trump wants to do his promise to become a Bitcoin superpower, it ultimately comes down to the amount of Bitcoin you have. This is a measure of how good the US is for its rhetorical purposes.”
Pines explained that there are several ways the US government can accumulate Bitcoin without additional taxpayer burden. He said, “The income that the government can use to earn more Bitcoin is like taxes and other fees collected by the government, not tax-based fees.” He also mentioned the possibility of royalties being used from oil and gas leases, as well as the possibility of using federal land sales, physical gold and other digital assets as budget-neutral funding options.
On April 2nd, a second executive order from President Trump imposed a 10% baseline tariff on all imports into the United States. The order also included mutual tariffs on countries that placed tariffs on US goods. The administration has identified tariff revenue as one way to fund further Bitcoin accumulation.
On March 12, Sen. Cynthia Ramis officially named the Bitcoin Act reintroducing its Bitcoin Act and increasing innovation, technology and competitiveness through the optimized investment national law. The bill aims to push Bitcoin Holdings of over 1 million BTC.
Other countries are closely monitoring the US government’s approach to Bitcoin, as they consider their own digital asset strategies, according to Pines. At the time of the statement, Bitcoin was trading at $84,352.