The Treasury Secretary says that the US is going to buy more bitcoin

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By Berto R

  • The Treasury Secretary, Scott Besent, does not know where resources will come and evaluate strategies.

  • Trump can resort to several «neutral strategies» that would generate up to a billion dollars.

Not only will the bitcoins be used that the United States has in their hands for confiscations, the purchase of cryptoactives is also contemplated, but without implying incremental costs for taxpayers.

The clarification was made by the Secretary of the Treasury, Scott Besent, when consulted by the media. The official confirmed that the country does You will buy more bitcoin (BTC) To add to the reservation, reiterating the idea that tax resources from taxes will not be used.

His response clarified the doubts that the news had generated about the executive order signed by Donald Trump on March 6, observing that he did not indicate If the government would compare Bitcoin and other cryptocurrencies.

To this end, the idea raised in the Order is highlighted, which states that «the Secretaries of the Treasury and Commerce are authorized to develop budgetary strategies to acquire additional bitcoins ». And in that sense, Besent indicated that those strategies that will be discussed at the summit were not yet very clear.

«The most important thing now is that the United States does not sell confiscated bitcoins,» he said. The plan is that they initially go to the reservation around 198,000 bitcoin that are supposed to be in the hands of the government, the product of confiscations. As there are no clear audits about the quantity, the order It requires an audit that determines real accounting.

The project not only contemplates that the government has Bitcoin but a variety of cryptoactives that, according to Trump’s signs -would include ETH of Ethereum, Sol de Solana, Ada de Cardano and XRP of Ripple.

At this point the team of the research medium on financial markets Presto Research makes an important differentiation between reservations and stocks:

What is clear now is that the thought of the industry has been trapped in binary terms of stocks or reserves. Actually, they are both. As confiscations include multiple cryptoactive, not only Bitcoin, BTC will be placed in «reserve», while others will remain in «stocks.»

Presto Research, Research Medium.

But as a reservation or existence, uncertainty persists on what the «neutral strategies» would be to use to buy cryptoactive ones, without using tax money or the national budget.

The question that remains in the air is What does this mean in practice? Several experts have pronounced on this subject.

Gold sale, controversial resources

According to Research, the answer could involve resorting to Another American reserve. They think that the possibility opens that the treasure seeks a revaluation of their gold holdings.

They take into account the recent statement of the Secretary of the Treasury, indicating that in the next 12 months «we will monetize the side of the United States balance assets.»

«We are going to put the assets to work, and I think it will be very exciting,» said the official. In simpler terms, this means that the United States I could sell part of your gold To buy bitcoins.

According to official calculations, the market value of gold certificates that are in the US reserves. It is almost 765,000 million dollars.

The US gold reserves are above 8,100 tons. Source: Training Economics

However, this idea probably generates a lot of resistance among gold defenders, who usually consider that precious metal is more valuable than Bitcoin. It is also feared that the sale collapse the market of goldwhich has been growing in recent months.

Emergency bonds and funds: multimillionaire sources

Another idea to use «neutral strategies» is bonds. The idea is highlighted by the executive director of Jan3, Samson Mow, and probably insinuated by Michael Saylor, president of the company that has more BTC in the world, Strategy.

The Executive has used this strategy of Issuance of debt bonds to accumulate more than 2% of the digital currency supply. As Cryptonoticias has reported, tactics has given good results, but it has also been questioned when seen as very risky by depend on the quotation they btc.

Michael Saylor en la Bitcoin 2024
Strategy president sees an increasingly brilliant future for Bitcoin. Source: Bitcoin 2024.

Hence, the idea of ​​resorting to the exchange stabilization fund (FSE) and selling special turn rights (DEG) is also proposed.

The FSE is an emergency reserve fund of the United States Treasury Department, usually used for exchange interventions. It allows the US government to influence exchange rates without directly affecting the internal money supply. By the end of 2023 It was estimated at 39,000 million dollars.

According to the rules, this fund can be used To buy the currencykeep active in American currencies and special turn rights.

Particularly, these turn rights, which already They exceed 160,000 million dollarsThey are international reserve assets created by the International Monetary Fund (IMF) to complement the official reserves of their member countries.

They represent a potential issuance right over the free use coins of the fund members. And as such, the Deg They can provide liquidity To a country. However, its use to buy BTC would depend on negotiations with the IMF, known for its rejection of the digital currency.

In any case, if e. UU. It resorts to the alternatives already mentioned, qualified as neutral, you could obtain resources that surpass The billion dollars and with which he can substantially increase his treasure in Bitcoin.

Bitcoin Mining, another source of resources

Some last options to generate resources are raised by the analyst and founder of the Digital Assets Research Company Muse Labs, Jinze, who proposes that the government sell other types of assets such as land, buildings, licenses and others.

Additionally, he quotes the possibility that The Bitcoin mining.

«The United States government can use existing computer resources or energy resources (such as federal data centers) to undermine Bitcoin and increase reserves,» he wrote.

The order sends a clear sign that BTC is a valuable component of the US economy. Source: Grok.

This is the strategy used by the kingdom of Bután to accumulate BTC since 2019, with profits that exceed 1,000 million dollars. It remains to be seen if the United States government can replicate it without resistance, since Bitcoin mining remains a polarizing issue in the country.

Although the Trump government has shown its interest in protecting the activity.

Whate will need a legislative action so that the Bitcoin reserve is finally operational.

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