Popular market commentator and TV personality Jim Cramer said on Friday he was told the Trump administration plans to purchase Bitcoin (CRYPTO: BTC) for the U.S. Strategic Reserve amid the ongoing market downturn.
Analyzing The US Government’s Bitcoin Stash
Cramer made the claim during CNBC’s Squawk on the Street segment, stating, “I heard at $60,000 the President is gonna fill the Bitcoin Reserve.”
The unverified claim coincided with Bitcoin’s sharp sell-off earlier this week when it narrowly avoided sinking below $60,000. The apex cryptocurrency has since rebounded to above $70,000. If Cramer’s claims are correct, Bitcoin would have to fall by more than 15% for the administration to complete …Full story available on Benzinga.com
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