US President Donald Trump signed an executive order on March 6 to establish a national Bitcoin reserve.
It was stated that this reserve will include approximately 200,000 BTC held by the federal government and confiscated within the scope of criminal or legal proceedings.
With this executive order, Trump instructed Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to explore ways to purchase additional Bitcoin as long as it did not impose an additional cost on American taxpayers.
While the report, expected to be presented by Bessent and Lutnick, is expected to arrive on May 5, speculation is increasing that the US government is preparing to make a major Bitcoin move and investment.
In the face of these speculations, Coinbase Asset Management President Sebastian Bea argued that this situation could be real.
Participating in Frank Chaparro’s podcast, Sebastian Sea argued that the US government could purchase $100 billion worth of BTC in 2025 with a small accounting change.
Such a move would not only strategically benefit the US but could also trigger a major Bitcoin rally.
Coinbase executive stated that with the update to the ounce gold price, a profit of $900 billion will emerge and claimed that $100 billion of this amount can be used to buy Bitcoin.
“Today, the U.S. government still values the gold held at Fort Knox at $42 per ounce. If valued at current market prices, this would generate a profit of approximately $900 billion.
$100 billion is a relatively small portion of the $900 billion gain, so it can be devoted to buying BTC.
This would be a major change that demonstrates the government’s commitment to Bitcoin as a strategic reserve.”
Although the Coinbase executive did not set a specific timeline for the Bitcoin purchase, he claimed that the US could make the potential purchase of $100 billion as early as 2025.
*This is not investment advice.
Continue Reading: Is the US Preparing to Buy $100 Billion in Bitcoin (BTC)? Coinbase Executive Explained!
