An executive from the Bitcoin Policy Institute (BPI) proposed a scenario where Bitcoin could reach a value of $1 million if the United States were to acquire 1 million BTC.
During a podcast with Bitcoin Magazine, Zach Shapiro, the policy head at the Bitcoin-focused BPI think tank, stated that a purchase of 1 million Bitcoin (BTC) by the US would lead to substantial changes in the asset’s price.
“If the United States reveals that we are buying a million Bitcoin, that will send shockwaves throughout the globe. […] I believe that the Bitcoin price would surge dramatically,” Shapiro commented. “We would likely see a rapid ascent to something close to a million dollars per Bitcoin.”
This conversation followed a March 7 executive order from US President Donald Trump that aimed to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile.
The Case for a “Bitcoin Superpower” to Hold More BTC
Matthew Pines, the executive director of BPI, noted that other countries are observing the United States’ stance on Bitcoin as they plot their own strategies.
Pines emphasized that increasing Bitcoin holdings aligns with Trump’s aspiration of establishing the US as a Bitcoin superpower.
“If Donald Trump is committed to fulfilling his promise of making the US a Bitcoin superpower, it fundamentally depends on how much Bitcoin the country possesses. This is an indicator of the US living up to that rhetorical goal,” Pines remarked.
Trump’s executive order also instructs the Treasury and Commerce secretaries to devise “budget-neutral” methods for acquiring additional Bitcoin to grow the reserve without imposing an extra burden on taxpayers.
On March 12, Senator Cynthia Lummis reintroduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, aiming to elevate US Bitcoin holdings above 1 million BTC.
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Using Tariff Revenues as a “Budget-Neutral” Buying Strategy for Bitcoin
Pines also proposed ways to acquire Bitcoin without increasing the budget deficit. He suggested utilizing tariff revenues as a means to purchase Bitcoin, alongside other possible avenues for the US government to increase its Bitcoin holdings.
“The government can tap into revenues like tariff income or various fees that are not tax-related to acquire more Bitcoin,” Pines explained. This could potentially include royalties from oil and gas leases, revenue from federal land sales, physical gold, and other digital assets.
On April 2, Trump enacted a 10% baseline tariff on all imports from every country via an executive order. This order also included reciprocal tariffs against nations that levy tariffs on US imports. However, the evolving tariff policies have resulted in persistent market uncertainty.
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