BPI Predicts Bitcoin Could Reach $1 Million with US Government Action

In the latest episode of “Bitcoin Policy Hour,” members of the Bitcoin Policy Institute discussed a potential policy decision by the U.S. government that could significantly increase Bitcoin's price.

Matthew Pines highlighted the stability challenges of the dollar-based system since 1973, particularly due to rising powers like China.
Zach Shapiro noted concerns about trust in U.S. Treasuries, suggesting gold as an alternative reserve asset and hinting at Bitcoin's potential role alongside it.
The idea of "marking gold to market" was mentioned, where revaluing gold could generate substantial funds for Bitcoin purchases.
Pines emphasized the strategic dynamics between the U.S. and China affecting monetary assets like gold and Bitcoin.
A recent White House executive order established a Strategic Bitcoin Reserve, directing agencies to audit current digital asset holdings.
Implementation challenges arise from internal government debates on budget-neutral methods for acquiring Bitcoin.
If the Trump administration announces a purchase of one million Bitcoin, it could lead to a dramatic price surge, potentially reaching $1 million per Bitcoin.

Current Bitcoin price stands at $83,594.

Bitcoin price