Cramer: Trump administration may buy Bitcoin for $60,000 Strategic Reserve
Market commentator Jim Cramer told CNBC the Trump administration is reportedly considering purchases of Bitcoin for a proposed U.S. Strategic Bitcoin Reserve, with an alleged target buy price around $60,000. Arkham on-chain data shows U.S. government-linked wallets already hold about 328,372 BTC (over $23bn) and have shown no recent inflows, contradicting claims of fresh large purchases near $60k. A March 2025 executive order restricts any Strategic Bitcoin Reserve to seized assets from criminal or civil forfeiture and bars selling those assets; Treasury officials say public funds cannot be used to buy crypto and that the government lacks authority to prop up Bitcoin prices or force banks to buy. Prediction markets (Polymarket) place the probability of a formal Strategic Bitcoin Reserve being created before 2027 at roughly 31% (up from ~23% in January), reflecting market sentiment but not confirmation. Bitcoin briefly fell toward $60,000 during a midweek sell-off before rebounding above $70,000; if the administration actually intends to buy at $60k, execution would likely require a >15% price drop from the then-current level. For traders: the Cramer claim remains unverified and is contradicted by on-chain data and policy constraints; a genuine government accumulation would be strongly bullish for BTC, but current evidence points to no recent purchases and substantial legal and fiscal limits on using public funds.
Neutral
The net market impact is neutral based on current evidence. Positive catalysts exist: if the U.S. government were to credibly announce and execute large BTC purchases for a Strategic Reserve, that would be strongly bullish, reducing available supply and prompting price appreciation. However, the Cramer claim is unverified and contradicted by Arkham on-chain data showing no recent inflows to government-linked wallets, and a March 2025 executive order plus Treasury statements restrict use of public funds and limit government authority to buy or prop up Bitcoin. Short-term price action may see increased volatility and speculative spikes on the rumor, as traders front-run possible government involvement or sell into fear if price nears the alleged $60k buy level. Longer-term, unless a formal, legally backed program using fresh public funds is announced, fundamentals remain unchanged: existing government holdings are from forfeitures, not new purchases. Therefore the current balance of information implies no immediate bullish supply shock, leaving the market reaction likely short-term and sentiment-driven rather than a durable price driver.