A remark from CNBC market commentator Jim Cramer has ignited fresh speculation within the cryptocurrency community about the potential for the United States government to establish a strategic Bitcoin reserve. On air, Cramer stated he "heard at $60,000 the President is gonna fill the Bitcoin Reserve," a comment that rapidly circulated across social media and financial news outlets.
The suggestion has revived discussions about a U.S. Strategic Bitcoin Reserve, questioning whether any purchases would utilize regular Treasury funds or existing government-held assets. However, multiple reports and analysts have pushed back, noting that the idea conflicts with the government's established approach to crypto. To date, the vast majority of the U.S. government's substantial Bitcoin holdings—reportedly 328,372 BTC worth over $21 billion—have originated from seizures and forfeitures in law enforcement actions, not open market purchases.
Market reaction to the rumor was muted and inconclusive. While Bitcoin price saw some volatility, on-chain data analyses and public wallet trackers did not reveal any pattern indicative of a secret, large-scale government accumulation near the $60,000 level. Holdings in known government wallets remained steady, showing no signs of a recent buying spree that would corroborate Cramer's claim.
Legal and budgetary hurdles present significant obstacles to such a policy. Experts point out that any new program to purchase cryptocurrency with appropriated funds would likely require explicit congressional approval or a new legal framework, moving beyond the existing rules governing seized assets. Despite the buzz, prediction markets like Polymarket currently assign only about a 30% chance to the U.S. establishing a Strategic Bitcoin Reserve before 2027.
