EXCLUSIVE: Anthony Pompliano Calls For US To Buy $250B Bitcoin On Day 1 Of Trump Administration: ‘Protect Our Future, It’s Such A No Brainer’
By Benzinga
Bitcoin (CRYPTO: BTC) advocate Anthony Pompliano calls for the new Donald Trump administration to buy $250 billion in the leading cryptocurrency on day one of the new regime, as reports grow for a Bitcoin Strategic Reserve.
What Happened: Pompliano was asked how Trump can make a difference for the cryptocurrency sector during a discussion at the 2024 Benzinga Future of Digital Assets event on Nov. 19.
The investor and entrepreneur didn’t hold back with commentary on how positive the Trump administration could be for the cryptocurrency and with his suggestion to make an initial mark felt worldwide.
“It’s not about individual policy, it’s about the signal that we’re changing regimes. The new regime is pro-Bitcoin,” Pompliano said.
Pompliano said he has an upcoming piece coming out that will call on the U.S. to buy $250 billion in Bitcoin on day one of the new administration. The investor said in order to make the purchase, the country could print the money.
With the purchase, and around 200,000 Bitcoin already owned, the U.S. would become the largest holder in the world.
Pompliano said the $250 billion amount may sound like a lot, but it’s a “rounding error” compared to the hundreds of billions of debt added to the national debt.
“Protect our future, it’s such a no brainer.”
Advocating against the Bitcoin strategic reserve could represent being against the growth of the U.S., Pompliano added.
Why It’s Important: The comments from Pompliano come as Bitcoin has soared in value since Donald Trump won the 2024 presidential election, hitting multiple new all-time highs in November 2024.
Pompliano said the move by the U.S. would show the country’s support for Bitcoin and could elevate the value and make the country’s investment pay off.
BTC Price Action: Bitcoin trades at $92,517.23 at the time of writing, up 1% over the last 24 hours and up 6% over the last week. Bitcoin hit an all-time high of $93,434.26 on Nov. 13.
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Photos: Shutterstock
