Market commentator Jim Cramer claimed on CNBC that the Trump administration plans to buy Bitcoin for a proposed U.S. Strategic Reserve amid ongoing market volatility.
Abstract
- Cramer claimed the Trump administration could purchase Bitcoin for a proposed U.S. Strategic Reserve, reportedly concentrating on a $60,000 entry worth amid latest market volatility.
- The U.S. authorities at present holds 328,372 BTC (over $23 billion), with government orders specifying that reserves come from asset forfeitures and can’t be bought; Treasury officers say public funds can’t be used to purchase crypto.
- Curiosity in a Strategic Bitcoin Reserve is rising, with Polymarket putting the likelihood of multinational earlier than 2027 at 31%, whereas BTC trades round $71,133, up 3% over the previous 24 hours.
“I heard at $60,000 the President is gonna fill the Bitcoin Reserve,” Cramer said on Friday’s Squawk on the Road phase.
The comment coincided with a pointy Bitcoin sell-off earlier within the week, which noticed BTC briefly strategy $60,000 earlier than rebounding above $70,000. If the acquisition happens at the cited worth, Bitcoin would want to say no greater than 15% for the administration to execute it.
What the information exhibits
Based on Arkham data, the U.S. authorities at present holds 328,372 BTC, valued at over $23 billion, with no latest adjustments in holdings. An government order from March 2025 specifies that BTC for the reserve would come from legal and civil asset forfeitures, and deposits can’t be bought.
Treasury Secretary Scott Bessent has burdened that the federal authorities has no authorized authority to bail out Bitcoin or compel banks to buy it, reinforcing that public funds can’t be used to accumulate cryptocurrency belongings.
Regardless of these authorized constraints, curiosity in a Strategic Bitcoin Reserve seems to be rising. Polymarket information exhibits the likelihood of such a reserve being formally established earlier than 2027 has risen to 31%, up from 23% in early January.
On the time of reporting, Bitcoin was buying and selling at $71,133.74, up roughly 3% over 24 hours, reflecting ongoing market volatility and investor consideration on potential authorities involvement.
