President Trump issued an executive order for a Strategic Bitcoin Reserve as well as a U.S. Digital Asset Stockpile of other cryptocurrencies. Both will come from asset seizures. However, for bitcoin, there is a somewhat cryptic paragraph about potential future acquisitions:
“The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers.”
One could speculate that might involve borrowing money to buy Bitcoin and using some kind of staking return to pay the interest. However, ‘budget-neutral strategies’ implies no borrowing. Another alternative might be to convert seizures of other assets into Bitcoin. Arguably that will cost American taxpayers because those other asset seizures could be used for alternative government purposes. If there are two people that could conjure up some financial wizardry, the Treasury and Commerce secretaries are good candidates.
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