Changpeng Zhao, co-founder and former CEO of Binance, recently hinted that the US government is a major buyer of Bitcoin.
Yesterday on X, he tweeted: “You can buy Bitcoin after the US government is done buying, or before. There is no other choice.”
This tweet followed reports that Montana’s proposed ‘Strategic Bitcoin Reserve’ legislation has successfully passed committee review and will now proceed to a vote on the House floor.
Montana Bill Sparks Speculation of US Bitcoin Reserve
The bill proposes the creation of a special revenue account that allows the state to invest in precious metals, stablecoins, and digital assets with an average market capitalization over $750 billion over the past year. Right now, Bitcoin is the sole cryptocurrency that meets this criteria.
Montana joins a growing number of states, including Utah, Arizona, and Oklahoma, that have advanced similar Bitcoin reserve bills to their respective House floors.
These developments could suggest that the US government is aggressively purchasing the world’s most popular digital asset, which might propel its price upward.
US Government’s Stance on Bitcoin
There have been some positive aspirations from the US government towards Bitcoin in recent times, most notably with the Trump’ administration being pro-crypto.
Before Trump’s administration, in July 2024, Senator Cynthia Lummis introduced a bill to set up a strategic Bitcoin reserve. This legislation mandates the US Treasury and Federal Reserve to acquire 200,000 Bitcoins annually over five years, aiming for a total reserve of 1 million Bitcoins.
The goal is to improve national financial resilience and show leadership in the global cryptocurrency world.
Pro-Bitcoin Bills Gaining Ground in US
While the bill is yet to gain traction, it does show that Bitcoin is a hot topic amongst some officials in the US government.
In January 2025, US President Donald Trump signed an executive order titled ‘Strengthening American Leadership in Digital Financial Technology.’ This directive lays out the administration’s strategy to strengthen the United States’ position in digital assets and financial technology.
All in all, these legislative actions show a broader trend of government bodies recognizing and possibly adding digital assets like Bitcoin into their financial strategies.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
