U.S. Bitcoin Reserve Rumors Clarified: No Government Purchases Yet

Despite speculation from Jim Cramer, the U.S. government is not planning to buy Bitcoin. President Trump's order for a Bitcoin reserve remains unfulfilled.

Recent speculation surrounding the U.S. government's plans to acquire Bitcoin has been fueled by comments from CNBC's Jim Cramer. However, it is essential to clarify that, while President Donald Trump had directed the establishment of a Bitcoin reserve, this reserve has yet to be implemented.

Cramer suggested that the federal government might start purchasing Bitcoin once its price reaches $60,000. Nevertheless, as of now, these purchases have not materialized, and there is no active Bitcoin reserve in place.