Bitcoin traders have been anxiously awaiting updates on U.S. President Donald Trump’s bitcoin strategies. The bitcoin price has remained stagnant at approximately $85,000 per bitcoin throughout March, despite predictions of significant price movements.
Recently, a senior White House official disclosed that the U.S. may utilize its gold reserves to purchase bitcoin, which could potentially lead to a market upheaval. Bo Hines, executive director of the president’s council of advisers on digital assets, stated, "If we actually realize the gains on [the U.S. gold holdings], that would be a budget-neutral way to acquire more bitcoin."
Hines also highlighted that there have been numerous proposals regarding bitcoin acquisition, with the Bitcoin Act of 2025 being a notable mention. This act proposes that the U.S. buy 1 million bitcoins over five years through the sale of Federal Reserve gold certificates.
During a recent bitcoin conference, Trump promised to transform the U.S. into the “undisputed bitcoin superpower”, emphasizing the potential for economic growth and improved financial systems for American consumers. He stated, "Pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth."
While the current bitcoin market faces challenges due to macroeconomic factors, experts remain optimistic. Ed Hindi, CIO at Tyr Capital, mentioned that the bearish price trends are influenced by external factors like trade wars and geopolitical tensions. He believes that both bitcoin and gold will outperform other assets in the upcoming months, projecting a potential price rise above $125,000 by 2025.
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