A big claim is swirling around former President Donald Trump: He might be secretly planning a massive Bitcoin purchase for the US government.
The Leak
Dennis Porter, head of the Satoshi Act Fund (a group pushing for Bitcoin adoption), says Trump’s team is considering an executive order to create a “Strategic Bitcoin Reserve” (SBR). This would let the federal government buy Bitcoin before individual states can pass their own laws to do so. Porter says he got this info from “private conversations” and his work promoting SBRs. He even claims he predicted Trump’s interest in Bitcoin back in July.
Supporting Evidence?
Porter isn’t alone. David Bailey, a top advisor to Trump, also hinted at a big Bitcoin move, saying it’s happening and the President has the power to do it without Congress. Bailey even suggests they could start with a huge purchase, potentially tens of billions of dollars. He stresses the urgency, saying other countries are already buying up Bitcoin, making it a national security issue for the US.
The Urgency
Porter emphasizes the need for speed. He believes a state could beat Trump to the punch and start buying Bitcoin first, leaving the federal government behind. He even released a sample SBR policy to help speed things along. Multiple lawmakers and a presidential candidate quickly endorsed it.
The Bottom Line
It’s a wild claim, but the source is someone with connections to the political world and a history of pushing for Bitcoin-friendly laws. Whether it’s true or not, the idea of a massive US government Bitcoin purchase is certainly making waves. And with other countries reportedly already making big Bitcoin buys, the pressure is on. At the time of this writing, Bitcoin was trading at $91,955.
