U.S. Bitcoin Purchase Could Spark Global Market Shifts, Experts Warn

A potential million-dollar move from the U.S. government to acquire a significant amount of Bitcoin could significantly alter the global crypto landscape, experts warn. Zach Shapiro, policy director at the Bitcoin Policy Institute (BPI), believes that such an investment would propel Bitcoin’s price towards $1 million. Matthew Pines, executive director of BPI, further emphasizes that the U.S.’s ambition to become a dominant player in Bitcoin hinges on the volume held by the country. The amount of Bitcoin amassed will serve as a measure of how successful President Trump is in achieving this goal.