Bitcoin could hit $1M if US buys 1M BTC — Bitcoin Policy Institute
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Bitcoin Policy Institute executive director Matthew Pines said that tariff earnings are “budget-neutral” and can be used by the US government to buy Bitcoin.
A Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC.
In a Bitcoin Magazine podcast, Zach Shapiro, the head of policy for the Bitcoin-focused BPI think tank, said that a 1 million Bitcoin (BTC) purchase by the US would have a massive impact on the price of the asset.
“If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock. [...] I think first, Bitcoin price goes through the roof,” Shapiro said. “I think we’d probably go very quickly to something like a million dollars per Bitcoin.”
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