menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Industry E...
source image

Zycrypto

1d

read

343

img
dot

Image Credit: Zycrypto

Industry Expert Predicts Bitcoin’s Non-Stop Rocket Surge To $1 Million If the U.S. Purchases One Million BTC

  • An executive at the Bitcoin Policy Institute (BPI) suggests that if the U.S. government were to announce a plan to acquire 1 million BTC, it could push the Bitcoin price to $1 million per coin.
  • The head of policy at BPI believes that such a large-scale purchase of Bitcoin by the U.S. would cause a global seismic shock and drive the price through the roof.
  • The discussion follows President Donald Trump's executive order establishing a Strategic Bitcoin Reserve and the reintroduction of the BITCOIN Act, which would mandate the U.S. government to purchase 1 million BTC.
  • Industry experts argue that the U.S. acquiring more Bitcoin would solidify its position as a Bitcoin superpower and could be funded through various means such as tariff revenue and royalties from oil and gas leases.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app