There’s A Measly 30% Chance US Government Buys Bitcoin In 2025: Bloomberg Analyst ⋆ ZyCrypto
The post There’s A Measly 30% Chance US Government Buys Bitcoin In 2025: Bloomberg Analyst ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Following President Donald Trump’s executive order to create a Strategic Bitcoin Reserve earlier this month, policymakers are directed to explore creative strategies to accumulate Bitcoin without increasing the federal budget or burdening taxpayers. However, Bloomberg analysts see a relatively slim chance of the federal government purchasing the apex crypto this year. Will The US Buy Bitcoin This Year? According to Bloomberg’s legal analyst, there is just a 30% chance that the U.S. federal government will buy Bitcoin in 2025 to build up its Bitcoin trove. The analyst believes the only way this can happen is through using the Exchange Stabilization Fund (ESF). Traditionally, the ESF handles foreign currency operations, gold, and other financial instruments for the U.S. Treasury. In the case of Bitcoin, the Treasury could purchase a debt instrument that’s settled in BTC upon maturity — effectively putting the top crypto into the government’s hands without directly purchasing it on the open market. Bloomberg legal analyst says 30% chance Federal Government buys Bitcoin this year. Says Trump won’t put political capital into passing legislation, because he could make it happen unilaterally if he wanted do via the Exchange Stabilization Fund (ESF). pic.twitter.com/NnVhEfCR8m — matthew sigel, recovering CFA (@matthew_sigel) March 21, 2025 Bloomberg doesn’t think Congress can approve any serious overhaul of existing laws to allow BTC acquisition in the next two years. Advertisement   Note that President Trump signed an Executive Order on March 6 to establish a Strategic Bitcoin Reserve consisting of BTC forfeited in criminal and civil proceedings. The order also indicated that the government would acquire more Bitcoin in the future through “budget-neutral” methods. Notably, a huge trove of Bitcoin already sits in federal hands. Law enforcement agencies have seized massive amounts of BTC from criminals, today estimated to be nearly 200,000 coins…
Filed under: News - @ March 22, 2025 8:27 pm