Story perspectives

Trump Eyes Bitcoin Purchase for U.S. Reserve at $60K

2/10/2026

Summary

Story summary

On CNBC, Jim Cramer said U.S. President Donald Trump may consider purchasing Bitcoin for the U.S. Strategic Reserve if the price falls to $60,000.
The Treasury Department says it lacks authority to use public funds for such purchases.
The United States currently holds 328,372 Bitcoin (BTC), valued at over $23 billion, unchanged from last month.
As of February 2026, the likelihood of establishing a Strategic Bitcoin reserve has increased to 31%.

History

Historical Context

In 1971, President Richard Nixon ended the gold standard, allowing the U.S. dollar to float freely amid rising inflation and a negative balance of payments. This pivotal decision, made without international consultation, marked the collapse of the Bretton Woods system and shifted monetary policy control to the Treasury Department. Today, discussions about Bitcoin as a Strategic Reserve reflect ongoing debates about currency stability and government authority.

1 of 2

Story summary

On CNBC, Jim Cramer said U.S. President Donald Trump may consider purchasing Bitcoin for the U.S. Strategic Reserve if the price falls to $60,000.
The Treasury Department says it lacks authority to use public funds for such purchases.
The United States currently holds 328,372 Bitcoin (BTC), valued at over $23 billion, unchanged from last month.
As of February 2026, the likelihood of establishing a Strategic Bitcoin reserve has increased to 31%.

1 / 2