After U.S. President Donald Trump signed an executive order to create a strategic cryptocurrency reserve, the government is now exploring ways to buy Bitcoin without using taxpayer money. This move marks a big shift in its approach to digital assets and c

ernment Eyes To Add More Bitcoin

The U.S. government is exploring ways to buy Bitcoin without using taxpayer money, as part of a broader strategy to strengthen the nation’s digital asset holdings.

This move marks a big shift in the government’s approach to crypto and could push Bitcoin’s price to $100K soon.

President Trump's administration is keen on adding more Bitcoin (BTC) to the Strategic Bitcoin Reserve, which was created by an executive order in April.

The presidential council of advisers for digital assets has been tasked with devising a plan for incrementally building up the reserve.

"We’re focused on maximizing our Bitcoin holdings without any direct taxpayer burden," said Bo Hines, executive director of the council.

"We’re working closely with the Treasury Department, the Secretary of Commerce, and other relevant agencies to identify and pursue alternative funding sources."

Bitcoin is not an equity, stock, or bond, making it a unique addition to the government's investment portfolio.

The administration views Bitcoin as digital gold that could provide an extra layer of strength to the nation's economic strategy.

No Taxpayer Money Involved

A key point of this plan is that taxpayer money will not be used to buy Bitcoin.

Instead, administration officials are exploring avenues to collect BTC without putting any direct financial pressure on citizens.

"The goal is to build up our Bitcoin holdings in a manner that is both efficient and mindful of the taxpayer," said Hines.

"We’re considering a variety of options for funding the Strategic Bitcoin Reserve, and we can assure you that no taxpayer money will be used."

This plan comes as part of the administration's broader strategy to strengthen the U.S.'s position in the global digital asset economy.

The administration believes that Bitcoin's decentralized nature makes it a perfect hedge against inflation and currency devaluation.

However, critics have raised concerns over Bitcoin's volatility and the lack of clear regulations for digital assets in the U.S.

Despite these concerns, the administration remains committed to exploring ways to add more Bitcoin to the Strategic Bitcoin Reserve in the months ahead.