Trump to use tariff revenue to buy Bitcoin
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Bitcoin is holding strong as global markets remain highly responsive to tariffs U.S government could buy Bitcoin using revenue from tariffs Since the re-election of Donald Trump, crypto adoption has become one of the administration’s major agendas. In fact, President Trump has promised to make the United States the crypto capital of the world. Lately though, the question of how to raise revenue to accumulate crypto assets, especially Bitcoin [BTC], has taken center stage. The Trump administration has now come out with a plan to raise revenue for Bitcoin acquisition. During an interview, Bo Hines, Executive Director of Digital Assets, said that the U.S government may buy Bitcoin using tariff revenue. Apart from tariff revenue, the government is also considering revaluing gold certificates at the U.S treasury and using the extra funding to buy more Bitcoin. With higher tariffs, the Trump administration is aiming to raise more revenue from external governments. If such revenue is channeled into Bitcoin, the government could acquire a considerable amount. Worth pointing out, however, that financial markets and the wider crypto market have reacted quite differently to these tariff episodes. How is Bitcoin reacting to tariffs? According to Santiment, Bitcoin continues to show resilience as global financial markets remain highly reactive to shifting tariff announcements from the Trump administration. Although volatility arising from tariffs is still affecting Bitcoin, on-chain data revealed that the cryptocurrency has been exhibiting relative strength. Source: Santiment For example – Wallets with 10 or more BTC have continued to rise in holdings, climbing to an all-time high of 16.36M BTC held. Such a spike in sharks and whales suggested that large holders are bullish and might be anticipating that Bitcoin will hold firm in this period of uncertainty. Source: IntoTheBlock Looking at the large holders’ netflow to exchange netflow ratio, we…
Filed under: News - @ April 15, 2025 12:27 pm