VanEck, BlackRock Urge U.S. Bitcoin Reserve as Lawmakers Back 1 Million BTC Purchase

VanEck, a $120 billion asset manager, has publicly urged the U.S. government to purchase Bitcoin for inclusion in the country's strategic reserves, arguing it is time for the United States to hold Bitcoin as part of its national assets.

BlackRock has recommended a 2% portfolio allocation to Bitcoin.

David Sacks, identified as Trump's crypto czar, has indicated that the U.S. government could consider buying more Bitcoin if it can be done in a budget-neutral manner. He has also outlined a pathway to expand the U.S. Strategic Bitcoin Reserve and mentioned that convincing Bitcoin billionaire Howard Lutnick could be key.

U.S. Congressman Byron Donalds has announced his support for the Strategic Bitcoin Reserve Act, stating that 'Bitcoin has proven to be a holder of value.'

U.S. Congressman Begich has called on Congress to pass the Bitcoin Act, which proposes the purchase of 1 million Bitcoin to secure America's future wealth.

Trump has promised to make the U.S. the crypto capital of the planet, and statements highlight that consumer and Bitcoin confidence are hitting new highs.

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