The chances of the United States government under the leadership of President Donald Trump purchasing Bitcoin directly from the open market are close to zero. Bitget CEO Gracy Chen estimates that the country with the largest economy will not start an active Bitcoin purchasing program for their national strategic reserve within the next two years. Investors’ hopes for a fresh injection of funds from the state treasury into crypto exchanges must be temporarily put on hold.
The existing legal basis for the state’s crypto reserve is indeed strict. The US Strategic Bitcoin Reserve, established through an executive order in March 2025, serves purely as a repository for assets seized from various criminal cases. The rules establishing this holding facility do not provide any budget allocation to make active purchases of crypto assets on the open market.
Budgetary Stumbling Blocks in Congress
The conditions for releasing public funds are the main obstacle for the government to sweep the Bitcoin supply from the market. Any active Bitcoin purchase plan using taxpayers’ money requires official legislative approval from the US Congress. Chen warned that budget proposals for high-risk assets will certainly spark fierce policy debates at the parliamentary level. Convincing politicians to put state money into digital assets is no easy task.
Alternative pathways to bypass budget debates are also blocked by bureaucracy. Efforts to leverage the revaluation of Federal Reserve gold certificates to finance crypto purchases still require the creation of new regulations. This move faces legal and political obstacles that are no less significant than requesting standard budget approval.
Stockpile of 1% of Global Supply
Despite not yet spending money to buy Bitcoin on exchanges, the United States’ crypto coffers are in fact already full. Based on recent data, the US government’s total Bitcoin holdings are estimated to range from 198,000 to 328,372 BTC. This stockpile of seized assets represents about 1% of the total circulating Bitcoin supply worldwide, valued at around $15.4 billion calculated at a price level of $78,000 per coin.
This filled storage automatically reduces the urgency for the Trump administration to enter the market as a buyer. As long as law enforcement agencies continue to seize assets from cybercriminals, the national Bitcoin reserve will grow on its own without requiring the state to use its budget.
What is the Effect on Price Movement?
The absence of large-scale purchase prospects from the government also shapes the market’s outlook. Chen projects that Bitcoin’s price movement until the end of 2026 will be mostly dominated by a consolidation phase. She predicts the price fluctuation range will only hover between $10,000 and $20,000 from its current price point, pressured by high global macroeconomic uncertainty.
For market players waiting for the state to enter as a buyer, the reality of this budget regulation serves as an antidote to wishful thinking. The crypto market must still fight relying on capital flows from private institutional players and retail investors, while the state chooses to monitor from afar, guarding its seized wallets.
Reported from crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
