Bitcoin News
By Dan Saada
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Skepticism on U.S. Government Bitcoin Buying. The more pointed part of Chen's remarks was about Washington.
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The Gap Between Crypto-Friendly Optics and Real Policy. That quote is worth sitting with. The gap between the administration's general posture toward…
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Gracy Chen doesn't see Bitcoin going anywhere dramatic. The Bitget CEO told the Trade Secrets podcast that Bitcoin will probably stay within $10,000 to $20,000 of wherever it's…
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That's a pretty tight range for an asset that's spent years whipsawing traders. But Chen's reasoning isn't really about Bitcoin itself. It's about everything around it.
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She said predicting whether Bitcoin ends up above or below $70,000 is genuinely hard when potential rate hikes are still on the table.
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The more pointed part of Chen's remarks was about Washington. She's skeptical — pretty openly — that the U.S.
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That's notable because the Trump administration did set up a Strategic Bitcoin Reserve back in March 2025. The move got a lot of attention.
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Per BitcoinTreasuries.NET, the U.S. government currently holds approximately 328,372 BTC, with the bulk of it coming from those same law enforcement seizures.
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Chen's view is that actually purchasing Bitcoin — writing checks, going into the market, building a position — would require a whole different level of political lift.
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"From a policy perspective, it's probably unlikely," she said. "I just don't see it coming right now."
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See also: Bitcoin Surges Past $77K, Turning Strategys 840,447 BTC Treasury Profitable
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That quote is worth sitting with. The gap between the administration's general posture toward crypto and what it's actually willing to do through official channels is real, and…
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It's not that Washington is hostile. It's that converting goodwill into something like a formal Bitcoin purchasing program involves congressional buy-in, budget considerations,…
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And Chen's probably right that the complexity here gets underestimated. Even with a crypto-friendly White House, the machinery of government moves slowly on financial decisions…
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The reserve's current composition — almost entirely forfeiture-based — kind of tells the story on its own. The government has Bitcoin because courts gave it Bitcoin.
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