In the context of global tariff tensions and market volatility, cryptocurrency investors have found a new ray of hope as the Trump administration announced a plan to use tariff revenues to buy Bitcoin. With Bitcoin having dropped 25% from its peak, this could be an ideal time for the US to buy Bitcoin at a lower price using tariff funds.
Last month, US President Donald Trump signed an executive order to establish a strategic cryptocurrency reserve, using digital tokens already owned by the government. He also directed US commerce and finance ministers to develop budget-neutral strategies to purchase additional Bitcoin without adding financial burden to taxpayers.
One of the ideas being considered in the Trump administration is using tariff revenues to buy Bitcoin. This approach allows the US to supplement Bitcoin reserves without borrowing additional money or raising taxes.
Although this idea is still in the discussion stage, it shows that the government is seeking creative financial management methods.
Senator Cynthia Lummis is proposing a new method to buy Bitcoin through the "2025 Bitcoin Act." She suggests adjusting the value of US gold certificates, which are currently valued lower than gold's actual value.
This adjustment could help the US acquire additional financial resources to buy Bitcoin and build a new reserve.
Bitcoin is showing a strong recovery after its recent price drop. The price has increased by 15% and is currently trading around $85,350, with market capitalization rising to $169 trillion.
Currently, Bitcoin is maintaining above $84,000 and remains stable above the 100-hour simple moving average. An upward trend is also forming, with support around $85,200, indicating that buyers are still controlling the market.
In the future, Bitcoin will face several resistance levels. The first barrier is near $85,800, followed by $87,200. If the price breaks through these levels, Bitcoin could continue to rise higher, potentially reaching $90,000.
Disclaimer: The article is for informational purposes only and is not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment choices.
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