The possibility of the US government increasing Bitcoin reserves is becoming a market focal point. Recently, well-known investors have indicated that the US may initiate a direct Bitcoin purchase program aimed at expanding the country's Bitcoin reserves to 1 million coins.

What is the current situation? The government accounts currently hold approximately 210,000 Bitcoins, mainly acquired through judicial seizures and confiscations over the years. To reach the target of 1 million coins, an additional nearly 800,000 would need to be acquired—this expenditure could potentially be funded through the federal budget via open market purchases.

Why are such discussions emerging at this time? First, crypto assets have become a focal point in political competition, attracting support from young voters and the tech industry. Second, as early as March last year, an executive order was issued officially incorporating Bitcoin into the category of national strategic reserve assets, laying the policy groundwork for subsequent actions.

However, it is important to note that such a purchase plan is not immediately feasible. The key constraint lies in the US Congress's authority to approve budgets. Considering the long-term political divisions between parties and ongoing debt pressures, it is not easy to pass related budgets in the short term. Therefore, this remains more of a possibility rather than an immediate action.

What does this mean from a market perspective? If the plan is ultimately implemented, it would mark a historic turning point—direct involvement of the world's largest economy in the Bitcoin market could unleash a massive buying force, solidifying Bitcoin's position as a digital reserve asset. Even if the plan does not materialize in the short term, the discussion itself is a significant signal—crypto policy environment has shifted from regulatory battles to national strategic deployment, significantly reducing systemic risks. Notably, 1 million Bitcoins account for about 4.7% of the global circulating supply, and this concentration could further strengthen Bitcoin's market position relative to other cryptocurrencies.

Market participants are closely watching the latest developments in Washington, especially the budget debates in Congress and the policy platforms of various parties—this has become a sovereign-level financial contest.

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(This article is for market information purposes only and does not constitute investment advice.)