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Is Trump buying Bitcoin to replenish the US Bitcoin Reserve during this crash?
CNBC's renowned commentator Jim Cramer stated during a broadcast:
“That’s what I heard. President Trump purchased Bitcoin for the US strategic reserve during the crash this week… I heard at $60k he’s gonna fill the Bitcoin Reserve.”
This rumor, coming as Bitcoin plummeted to around $60,000 this week, has stirred up the crypto market. However, note: Cramer is not an official source; he is only saying he “heard” it. The US Treasury Department has previously been clear: The government cannot buy Bitcoin from the market with taxpayers' money; the current reserve consists only of seized coins. So, there is no official confirmation of a purchase at the moment; it's just Cramer's speculation. Do you think this is an “inverse Cramer” moment, or has buying really started at the bottom?
#BuyTheDipOrWaitNow?