The Bitcoin Policy Institute has suggested that Bitcoin could reach a price of $1 million if the U.S. government were to purchase 1 million BTC. Zach Shapiro, head of policy at the institute, said in a Bitcoin Magazine podcast, “If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock. […] I think first, Bitcoin price goes through the roof. I think we’d probably go very quickly to something like a million dollars per Bitcoin.”
The discussion took place in the context of a March 7 executive order by President Donald Trump that established a Strategic Bitcoin Reserve and a Digital Asset Stockpile. The order also directed the Secretaries of Treasury and Commerce to develop methods for acquiring Bitcoin in a way that does not increase the federal budget. One of the suggested approaches was the use of revenue streams not tied to taxation.
Matthew Pines, executive director at the Bitcoin Policy Institute, said in the same discussion that the ability to hold more Bitcoin would reflect how serious the U.S. is about becoming what Trump has described as a “Bitcoin superpower.” Pines said, “If Donald Trump wants to make good on his promise to be a Bitcoin superpower, that ultimately comes down to how much Bitcoin you have. This is a measure of how much the United States is making good on that rhetorical objective.”
Pines explained that there are several ways the U.S. government could accumulate Bitcoin without additional taxpayer burden. He said, “Revenues that the government can use to acquire more Bitcoin would be things like tariff revenue or other fees that the government collects that are not tax-based fees.” He also mentioned the possible use of royalties from oil and gas leases, sales of federal land, physical gold, and other digital assets as budget-neutral funding options.
On April 2, a second executive order from President Trump imposed a 10% baseline tariff on all imports into the United States. The order also included reciprocal tariffs against countries that place tariffs on U.S. goods. The administration has identified tariff revenues as one of the ways to fund further Bitcoin accumulation.
On March 12, Senator Cynthia Lummis reintroduced the BITCOIN Act, formally named the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act. The bill aims to push U.S. Bitcoin holdings beyond 1 million BTC.
According to Pines, other countries are closely monitoring the U.S. government’s approach to Bitcoin as they consider their own digital asset strategies. At the time of the statements, Bitcoin was trading at $84,352.
