A bold new scenario has entered the crypto discourse: the US government purchasing 1 million Bitcoin. Zach Shapiro, Head of Policy at the Bitcoin Policy Institute (BPI), told Bitcoin Magazine that such a move could send Bitcoin’s price soaring to $1 million per coin.
“If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock,” Shapiro said. “I think we’d probably go very quickly to something like a million dollars per Bitcoin.”
Trump’s Strategic Bitcoin Reserve Executive Order
The comments come just weeks after former President Donald Trump issued an executive order on March 7, calling for the creation of a Strategic Bitcoin Reserve and a broader Digital Asset Stockpile. The move signals a major shift in US digital asset strategy, with global implications.
Matthew Pines, executive director at BPI, noted that other nations are closely watching America’s approach. “If Donald Trump wants to make good on his promise to be a Bitcoin superpower, that ultimately comes down to how much Bitcoin you have,” Pines said.
Bitcoin Without the Tax Burden?
The executive order also directs the Treasury and Commerce departments to devise “budget-neutral” strategies for expanding the Bitcoin reserve—meaning no added burden on US taxpayers.
Senator Cynthia Lummis followed up by reintroducing the BITCOIN Act on March 12. The bill aims to push US Bitcoin holdings past the 1 million BTC mark, aligning legislative efforts with the Trump administration’s goals.
To fund the Bitcoin accumulation without touching taxpayer dollars, Pines floated ideas like using tariff revenues, royalties from natural resources, or the sale of federal land and gold.
“Revenues that the government can use to acquire more Bitcoin would be things like tariff revenue or other fees that the government collects that are not tax-based fees,” he said.
Tariff Policy Adds Market Uncertainty
On April 2, Trump imposed a 10% baseline tariff on all imports via another executive order. It also introduced reciprocal tariffs on nations that charge US imports, adding another layer of complexity to global trade—and potentially feeding into the BTC-buying strategy.
While the strategy remains speculative for now, BPI believes Bitcoin could become a defining tool of US economic power—and a million-dollar price tag may not be as far-fetched as it sounds.
