Got it — this one’s making waves, so let’s break it down cleanly and realistically.
What Jim Cramer claimed
Jim Cramer said on CNBC that he’s heard the Trump administration plans to buy Bitcoin for a proposed U.S. Strategic Bitcoin Reserve, allegedly targeting an entry price around $60,000. The comment came right after BTC dipped close to that level before bouncing back above $70K.
Important detail: this is Cramer’s claim, not an official announcement.
What the U.S. government actually holds
- The U.S. government already controls 328,372 BTC, worth over $23 billion
- These coins came from criminal and civil asset forfeitures
- There has been no recent change in those holdings (per Arkham data)
An executive order from March 2025 clearly states:
- Bitcoin in the reserve must come from forfeitures
- Those assets cannot be sold
- Public funds cannot be used to buy crypto
Treasury Secretary Scott Bessent reinforced this, saying the government has no legal authority to purchase Bitcoin with taxpayer money or force banks to do so.
Why Cramer’s claim is controversial
For the administration to “buy” Bitcoin at $60K:
- BTC would need to drop 15%+
- Congress or the Treasury would need new legal authority
- Existing executive orders would likely need to be rewritten
As things stand, the law allows the U.S. to hold seized Bitcoin, not actively accumulate it through market purchases.
Why the market still cares
Despite legal limits, the idea of a Strategic Bitcoin Reserve is gaining traction:
- Polymarket now puts the odds of it being established before 2027 at 31%
- That’s up from 23% in early January
- Bitcoin is trading around $71,133, up ~3% in 24 hours
The speculation alone adds fuel to volatility and bullish narratives.
Big picture
- Cramer’s comment is not confirmed policy
- Current law blocks the U.S. from buying Bitcoin
- Any real purchase would require major legal and political changes
- Markets are reacting to the possibility, not the reality
In short:
This is headline-driven speculation, not an executed plan — but it shows how seriously Bitcoin is now being discussed at the highest levels of power. That alone is a big deal.
