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coinpedia 2025-04-15 04:05:46

Trump Administration Plan To Buy Bitcoin Using Tariff Revenue: BTC Eying $90k Mark

Trump Administration Plan To Buy Bitcoin Using Tariff Revenue: BTC Eying $90k Mark

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 Bitcoin Last 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. BREAKING: TRUMP ADMINISTRATION SAYS U.S. MAY BUY BITCOIN USING TARIFF REVENUE MEGA BULLISH pic.twitter.com/OLrr9TYG8s — Crypto Rover (@rovercrc) April 15, 2025 One of the ideas that is circulating in the Trump administration is to buy Bitcoin, using revenue generated from tariffs. By doing this, the U.S. could add Bitcoin to its reserves without borrowing more money or raising new taxes. Though the idea is still being talked about, it shows the government is thinking about new ways to handle money. Lummis’ Plan to Use Gold Certificates for Bitcoin Senator Cynthia Lummis is talking about a new way to buy Bitcoin with the “ Bitcoin Act of 2025.” She wants to change the value of U.S. gold certificates, which are worth less than the real value of gold. By making this change, the U.S. could get more money to buy Bitcoin and create a new reserve. Bitcoin Aims for $90K Bitcoin is showing strength again after bouncing back from a recent dip. The price has jumped by 15% and is now trading around $85,350 , with its market cap rising to $169 trillion. Right now, Bitcoin is holding above $84,000 and staying strong above the 100-hour simple moving average. A rising trend line is also forming, with support around $85,200, suggesting buyers are still in control. Looking ahead, Bitcoin faces some resistance. The first hurdle is near $85,800, followed by $87,200. If the price breaks above, it could move even higher, possibly reaching $90,000.

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