🚨 THE U.S. WANTS TO ACCUMULATE MORE BITCOIN
On 18/10, Patrick Witt said the White House is looking for ways to add BTC to the Strategic Bitcoin Reserve using existing federal resources. However, buying Bitcoin directly on the open market would still require congressional approval.
📊 Key point: this is still a process of exploring options, not an announcement that the U.S. is about to buy BTC immediately. The 2025 executive order established the reserve, made up primarily of Bitcoin seized and controlled by the government.
🚀 If the U.S. does introduce a new accumulation mechanism, expectations of long-term demand could support sentiment in the crypto market. But if the plan makes slow progress, price reactions driven by rumors could reverse. Investors should watch for official documents, congressional approval, and BTC ETF flows.
🤔 Ahead of the midterm elections, is this genuine policy progress, or is the market reacting too early to expectations?
#TinFed
On 18/10, Patrick Witt said the White House is looking for ways to add BTC to the Strategic Bitcoin Reserve using existing federal resources. However, buying Bitcoin directly on the open market would still require congressional approval.
📊 Key point: this is still a process of exploring options, not an announcement that the U.S. is about to buy BTC immediately. The 2025 executive order established the reserve, made up primarily of Bitcoin seized and controlled by the government.
🚀 If the U.S. does introduce a new accumulation mechanism, expectations of long-term demand could support sentiment in the crypto market. But if the plan makes slow progress, price reactions driven by rumors could reverse. Investors should watch for official documents, congressional approval, and BTC ETF flows.
🤔 Ahead of the midterm elections, is this genuine policy progress, or is the market reacting too early to expectations?
#TinFed