In a bold statement at the Bitcoin 2025 conference, David Sacks, the White House’s AI and crypto czar, suggested that the United States might consider increasing its Bitcoin reserves—if the government can source funding without burdening taxpayers or expanding the national debt. Speaking candidly to Gemini co-founders Cameron and Tyler Winklevoss on May 27, Sacks emphasized that while no promises can be made, a pathway exists for such an acquisition.
Navigating the Fiscal Labyrinth
Sacks hinted at the potential for buying more Bitcoin, but it comes with strings attached. The key hurdles? Convincing either Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson to green-light the plan. “Maybe by finding the money from some other program that’s not using it—we could potentially acquire more Bitcoin,” Sacks remarked, laying out a vision that hinges on budget neutrality. It’s an intriguing prospect, but not without its bureaucratic challenges. This mirrors strategies seen in the private sector, as discussed in Metaplanet Registers U.S. Treasury Arm to Grow Its Bitcoin Reserve Strategy.
The notion of expanding the U.S. Bitcoin stash isn’t entirely new. The government already holds around 198,012 Bitcoins, valued at over $21 billion. Much of this cache originated from high-profile seizures, including the infamous Silk Road marketplace and a significant haul from the Bitfinex hacker, Ilya Lichtenstein. Yet, the idea of proactively purchasing Bitcoin, rather than relying on forfeitures, adds a new wrinkle to the U.S. crypto strategy.
Executive Orders and Crypto Reserves
The groundwork for such a move was laid by a March 6 executive order that established a crypto reserve, allowing for Bitcoin acquisitions—provided they’re executed in a budget-neutral manner. Sacks pointed out that this gives the government the authority to buy more Bitcoin if the financial logistics can be sorted out. “The question is, can we get either the Treasury Department or the Commerce Department to get excited about that?” he mused.
This isn’t just idle speculation; it’s a topic that’s been gaining traction. The government has previously dipped its toes in the Bitcoin market, selling 9,861 Bitcoins in March 2023 for a cool $215.7 million. But buying, as opposed to selling, marks a strategic shift that could have significant ramifications for both the national and global markets.
The Wider Implications
The potential for the U.S. to purchase more Bitcoin raises broader questions about the role of digital currencies in national reserves. Could this be the start of a trend where nations diversify their reserves with crypto assets? Some experts believe it’s a possibility. “Countries are starting to see the value in holding digital assets as part of a diversified portfolio,” noted crypto analyst Jane Thompson. “It’s a hedge against traditional market volatility, and for some, that’s quite appealing.” This trend is also reflected in corporate strategies, such as Metaplanet’s plan to raise $250M for Bitcoin strategy.
However, not everyone is sold on the idea. Critics argue that the volatility of cryptocurrencies makes them a risky bet for government portfolios. Moreover, the logistical challenge of reallocating existing funds without impacting essential programs is no small feat. Sacks himself acknowledged the difficulty, noting that any potential purchase would require navigating a complex web of fiscal constraints.
Looking Ahead
As the conversation around the U.S. potentially buying more Bitcoin continues, it remains a topic rife with both possibilities and uncertainties. For now, it’s unclear whether the necessary departments will rally behind this initiative or if it will remain an intriguing but unattainable idea. But one thing is certain: the landscape of digital currency is evolving, and the U.S. government’s role in it is a storyline worth watching.
With the crypto world abuzz, the question lingers: will the U.S. take the plunge and purchase more Bitcoin? Or will fiscal realities and bureaucratic hurdles keep it on the sidelines? As always in the realm of crypto, only time will tell.
Source
This article is based on: Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’
Further Reading
Deepen your understanding with these related articles:
- Metaplanet Issues $25M Bonds to Buy More Bitcoin
- Strategy’s $84B Bitcoin Expansion Plan Backed by Wall Street Analysts
- Strategy Raising Another $21B to Buy Bitcoin, Posts Large Q1 Loss on BTC Price Decline
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
