In early May 2025, U.S. Senator Cynthia Lummis proposed a bold idea: the U.S. government should buy 1 million Bitcoin, accounting for about 5% of total BTC supply. This ambitious move, now reportedly gaining support from President Donald Trump, could mark a historic turning point in U.S. crypto policy.
The U.S. considers buying 1 million Bitcoin
🇺🇸 The BITCOIN Act: A Strategic Leap for the U.S.
The proposal stems from the BITCOIN Act, introduced by Senator Lummis in March 2025. The bill aims to turn the U.S. into a global hub for digital finance, with Bitcoin at the heart of its strategy.
If passed, the act would require the U.S. Department of Treasury to:
- Create a decentralized national network of BTC reserves.
- Launch a major BTC acquisition program for long-term holding.
According to Lummis, broader adoption of Bitcoin would bring more security, financial freedom, and resilience to both the U.S. and global economies.
🧠 Trump’s Shift: From Skeptic to Supporter
Donald Trump, once a harsh critic of Bitcoin—calling it a "scam"—has notably changed his tune.
In March 2025, he signed an executive order establishing the U.S. Strategic Bitcoin Reserve, which initially comprises confiscated BTC from criminal and civil forfeitures. Notably, no taxpayer funds were used to create the reserve.
Now, with the potential plan to buy up to 1 million BTC, Trump's stance reflects a pro-crypto pivot, aligning digital assets with national interest and economic strategy.
📈 Potential Market Impacts if the U.S. Buys Bitcoin
If the proposal goes through and the U.S. begins accumulating Bitcoin at this massive scale, the impacts could be seismic:
- Bitcoin price surge: Government demand could significantly push BTC prices upward, triggering another bull run.
- FOMO from other nations: Countries might follow suit, fearing being left behind in BTC reserves accumulation.
- BTC as a strategic reserve asset: Similar to gold, Bitcoin could become a sovereign asset class in global finance.
This would legitimize BTC further and could accelerate institutional and retail adoption across the board.
⚠️ Major Challenges Ahead
Despite the bullish potential, the path forward won’t be easy. Several challenges could hinder or derail the plan:
- Volatility: Bitcoin’s price fluctuations may pose risks to national balance sheets if not managed carefully.
- Geopolitical tensions: The U.S. openly acquiring massive amounts of BTC might raise eyebrows among geopolitical rivals like China or the EU.
- Congressional resistance: Appropriating budget or expanding crypto holdings at a national level would likely face scrutiny and pushback in Congress.
- Public opinion: Voters may question spending hundreds of billions on digital assets, especially if not well-educated on its strategic value.
🗣️ Industry Reactions: Optimism with Caution
The crypto community has reacted with cautious optimism. Key voices highlight:
- Supporters: See it as a bold, forward-thinking approach to secure America's economic future and keep pace with the evolving digital asset world.
- Critics: Worry about state-level influence over decentralized networks and the potential centralization of power in what’s meant to be a permissionless system.
Either way, this signals crypto’s transition from fringe to mainstream—potentially redefining what it means to be a global reserve asset.
✅ What’s Next for the BITCOIN Act?
The bill is currently under early review. If it gains enough bipartisan support, we could see:
- Congressional hearings on BTC’s role in monetary policy.
- More U.S. federal agencies exploring blockchain infrastructure.
- A roadmap for BTC acquisitions using both reserves and strategic buy-ins.
With Trump’s backing and Lummis’ crypto advocacy, the bill has momentum—but it's far from guaranteed.
🧭 Conclusion: A New Chapter in Crypto History?
Whether the U.S. ends up buying 1 million BTC or not, this conversation marks a paradigm shift. Bitcoin is no longer just a speculative asset—it’s now being treated as a strategic tool for national power and economic security.
If adopted, this plan could reshape not just markets but the geopolitical landscape of money itself. One thing is clear: the 2020s may go down as the decade crypto became a matter of state interest.
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