I bet they do buy it. I thought the order tasked them with finding "budget neutral" ways to buy.
Here it is:
(c) ** The Secretary of the Treasury and the Secretary of Commerce shall develop strategies for acquiring additional Government BTC provided that such strategies are budget neutral and do not impose incremental costs on United States taxpayers.** However, the United States Government shall not acquire additional Stockpile Assets other than in connection with criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any agency without further executive or legislative action.
Both of those Secretaries are savvy money-men in their past lives and Lutnick at least is a big $BTC fan. I bet they find ways to do just that!
If this is the way of acquiring BTC, I guess it might take longer than expected to have a healthy reserve other than an empty cog of ale. lol
The best way to acquire more crypto is to use money, well that could be interests or profits.
Buying $BTC with gold or trading federal lands for it are 2 ideas that come to mind off of the top of my head that could be budget neutral. 😀
I am sure the smart guys could think of many more and the US is very rich in resources.
Excellent idea indeed. I would say that they could also go for using taxes for BTC purchases, billions of it goes to unnecessary causes.
I am sure they have already thought of many other ways as well.