U.S. May Use Tariff Revenue to Buy Bitcoin, Establish Digital Reserves

The U.S. Presidential Advisory Council on Digital Assets has suggested that the U.S. may utilize tariff revenue to purchase Bitcoin, aiming to sustain its leading role in the emerging financial landscape. This move is seen as a strategic response to the intensifying global competition for digital assets, with the council urging swift action to amass what it refers to as "digital gold."

According to an executive order issued on March 6th, the U.S. has established two key reserves: the Strategic Bitcoin Reserve (SBR) and the Digital Asset National Reserve (DANR). These reserves grant the Treasury Department the flexibility to manage assets, ensuring that all operations remain budget-neutral and do not impose additional burdens on taxpayers.

Bitunix analysts have weighed in on the potential implications of the U.S. buying Bitcoin with tariffs, noting that this would signify a sovereign nation's entry into the digital asset arena. Following Bitcoin's recent short-term surge past $84,000, analysts are closely monitoring the $86,000 resistance level. They are also assessing the stability of the $82,000 to $83,000 support range. Investors are advised to remain agile and manage risks prudently in this dynamic market environment.