The post Trump Administration Plan To Buy Bitcoin Using Tariff Revenue: BTC Eying $90k Mark appeared first on Coinpedia Fintech News
With ongoing tariff tensions around the world and the market turmoil, crypto investors have got a ray of hope as the Trump administration announces plans to use tariff money to buy Bitcoin. With Bitcoin already 25% down from its peak, is this the right time for the U.S. to buy Bitcoin at a lower price using tariff funds?
Using Tariff Revenue to Buy BitcoinLast month, U.S. President Donald Trump signed an executive order to create a strategic reserve of cryptocurrencies using digital tokens the government already owns. He also asked the U.S. commerce and treasury secretaries to come up with budget-neutral strategies to buy more Bitcoin without costing taxpayers extra money.