Jim Cramer Suggests US Government Could Buy Bitcoin Near $60K

A comment by Jim Cramer on CNBC about the US potentially filling a "Bitcoin Reserve" at $60,000 has sparked discussion in crypto circles.

Strategic Bitcoin Reserve Speculation

  • The idea of a US Strategic Bitcoin Reserve is gaining attention but contradicts the government's usual crypto handling methods.
  • Government Bitcoin holdings mainly come from seizures, not open market purchases.

Market Reactions

  • Bitcoin prices saw fluctuations after the claim, with some traders motivated to buy.
  • On-chain data and wallet scans showed no evidence of large-scale government purchases.

Expert Opinions

  • Analysts argue there's no proof of the US buying Bitcoin with taxpayer funds.
  • Legal and budget constraints complicate such purchases, needing congressional approval or new legal grounds.

Unresolved Questions

  • While Washington holds significant Bitcoin, rumors have more curiosity than confirmation.
  • No recent wallet data suggests secretive government buying matching Cramer's statement.