Patrick Witt: President Trump Still Intends to Increase His Bitcoin Holdings as a Strategic Reserve for the United States
2026-11-11 17:42:55
According to CoinMeta, former White House cryptocurrency advisor Patrick Witt stated that President Trump is still interested in purchasing Bitcoin to bolster America's strategic reserves. Since the U.S. Congress holds the power over federal spending, and the National Defense Authorization Act contains provisions that prohibit the government from directly buying Bitcoin on the open market, the government is currently facing legal uncertainties and is attempting to obtain the necessary authorization. In March 2025, the U.S. government established a strategic Bitcoin reserve through an executive order, with initial assets coming from Bitcoin confiscated by the government. The Treasury Department and the Department of Commerce are required to explore budget-neutral methods to acquire more BTC, but no specific plan or public market purchase strategy has been announced yet. Without legislative support, this reserve currently relies on executive orders, and it would be difficult to make it permanent through an independent bill in the event of a divided Congress.
Source:Internet
This content is for market information only and does not constitute investment advice.
Follow CoinMeta official accounts to stay updated

Hot Articles
Refresh

SOL Currency's Latest Price Outlook: Can It Break Through the $90 Barrier?
7h ago

Dow Jones 1,000-Point Swings: CPI Reversal or Bull Trap?
11-10 16:56

Coinbase Is the exchange safe? How can beginners in 2026 download and register?
11-09 19:09

$TRUMP Hits New Low, Down 30% , Can It Hold?
11-09 16:29

XRP Price Outlook: Can XRP Hit $1.87 in November?
11-06 11:51



