Overview
- Jim Cramer said he “heard” the White House would buy bitcoin at $60,000 to fill a strategic reserve, a claim that remains unverified.
- Trump’s executive order directed agencies to hold seized crypto for a future reserve and explicitly rejected using taxpayer money to buy bitcoin.
- Congress has not created a legal or budget mechanism to establish or fund a federal bitcoin reserve or to make open‑market purchases.
- Arkham Intelligence attributes roughly 328,372 BTC in U.S.-linked wallets to forfeitures, with recent balances showing no accumulation.
- Treasury Secretary Scott Bessent told lawmakers he lacks authority to bail out bitcoin or force bank purchases, and analysts see no on‑chain evidence of federal buying.