The Trump administration plans to buy Bitcoin with tariff revenue: BTC heads towards the $90,000 mark.

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In the context of global tariff tensions and market volatility, cryptocurrency investors have found a new ray of hope as the Trump administration announced plans to use tariff revenue to purchase Bitcoin. With Bitcoin having fallen 25% from its peak, this could be the ideal time for America to buy Bitcoin at a low price using funds from tariffs.

Using revenue from tariffs to buy Bitcoin

Last month, President of America Donald Trump signed an executive order to establish a strategic reserve of cryptocurrency, using digital tokens that the government has owned. He also directed the U.S. Secretaries of Commerce and Treasury to develop budget-neutral strategies to purchase more Bitcoin without placing additional financial burdens on taxpayers.

One of the ideas being considered in the Trump administration is to use revenue from tariffs to buy Bitcoin. This approach allows America to add Bitcoin to its reserves without needing to borrow more money or raise taxes.

Although this idea is still in the discussion stage, it shows that the government is seeking innovative financial management methods.

Lummis’s plan to use gold certificates to buy Bitcoin

Senator Cynthia Lummis is proposing a new plan to purchase Bitcoin through the “Bitcoin Act of 2025.” She suggests adjusting the value of America’s gold certificates, which are currently valued lower than the actual value of gold.

This adjustment may help America gain additional financial resources to buy Bitcoin and build a new reserve.

Bitcoin aims for the milestone of 90,000 USD

Bitcoin is showing a strong recovery after the recent fall. The price has increased by 15% and is currently trading around 85,350 USD, with market capitalization rising to 169 trillion USD.

Currently, Bitcoin is maintaining above 84,000 USD and is firmly above the 100-hour simple moving average. An upward trend line is also forming, with support around 85,200 USD, indicating that buyers are still in control of the market.

In the future, Bitcoin will face some resistance levels. The first barrier is around 85,800 USD, followed by 87,200 USD. If the price surpasses these levels, Bitcoin may continue to rise higher, potentially reaching 90,000 USD.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

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Wetikvip
· 2025-04-15 06:10
Break in 🚀
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