The U.S. authorities might maintain far much less bitcoin than extensively believed, says Samson Mow, who expects the Trump administration to purchase extra BTC by means of strategic acquisitions.
U.S. Bitcoin Stash Smaller Than Anticipated—Trump Admin Gearing As much as Purchase Extra, Says Mow
Bitcoin advocate and JAN3 CEO Samson Mow addressed hypothesis concerning the U.S. authorities’s bitcoin holdings and argued that extra BTC purchases are coming. He estimated that the nation at the moment holds round 112,000 BTC or much less, stating:
It’s possible the U.S. has 112K BTC or much less as a result of 95K belongs to Bitfinex and can be returned. It doesn’t have the 207K to 220K BTC quantity that many information websites normally go along with. This is able to put China within the pole place with 194K BTC.
His feedback come as President Donald Trump pushes for elevated crypto reserves, having introduced on March 2 that the U.S. will construct a reserve of high cryptocurrencies, together with ethereum (ETH), XRP, solana (SOL), and cardano (ADA).
Regardless of doubts about whether or not the U.S. is actively buying bitcoin, Mow firmly believes that buying will happen. “There can be shopping for. There are a variety of ‘price range impartial’ methods to accumulate bitcoin similar to issuing bitcoin bonds or promoting gold. Give it a while. [Commerce Secretary] Howard Lutnick will get it finished.”
Mow’s remarks adopted U.S. Treasury Secretary Scott Bessent’s March 7 interview, the place he unveiled a plan to purchase further bitcoin for the Strategic Bitcoin Reserve (SBR). The announcement got here simply earlier than the first-ever White Home crypto summit, underscoring the administration’s dedication to rising its bitcoin holdings.
The institution of the SBR was made official on March 8, when Trump signed an government order creating the reserve. Mow highlighted the importance of the transfer, declaring:
With the stroke of a pen, POTUS has equivocated bitcoin with gold. The SBR is a digital Fort Knox. Let that sink in. The actual race for nation-state bitcoin adoption actually begins.
He additionally identified that an official audit of U.S. bitcoin holdings will make clear its actual reserves, as earlier estimates have been based mostly on hypothesis. With China doubtlessly holding extra bitcoin than the U.S., Mow expects competitors between governments to accentuate, emphasizing that “competitors is sweet for bitcoin.”
