Bitcoin reserve unlikely to buy BTC under Trump: Bitget CEO

Bitget CEO Gracy Chen has put the chance of the U.S. government buying Bitcoin for its strategic reserve before President Donald Trump leaves office at close to zero. Summary The U.S. reserve holds an estimated 198,000 BTC obtained mainly through forfeiture proceedings. Trump’s order permits additional acquisitions only through strategies that impose no extra taxpayer costs. Chen said active purchases would require a much larger policy decision and political debate. The no-sale rule removes potential government supply but does not create direct market demand. Speaking in a recent interview, Bitget CEO Gracy Chen said the U.S. government is unlikely to begin buying Bitcoin for its strategic reserve within the next two years. “From a policy perspective, it’s probably unlikely,” Chen said. “I just don’t see it coming right now.” Chen said buying Bitcoin would require a more substantial policy decision than retaining assets already controlled by the government. Lawmakers and political parties would need to debate how any purchase program would work, particularly if public money or changes to federal accounting were involved. Her assessment places the focus on the reserve’s funding rule...