Bitcoin News Today: Reserve Rules Set Scope for Government Demand as $1.5M Bull Case Emerges

The U.S. Strategic Bitcoin Reserve made headlines on March 6, 2025, with an executive order outlining management protocols for government-held Bitcoin while permitting budget-neutral acquisition strategies—yet stopping short of an open-market purchase program or specific accumulation targets. This policy framework has ignited intense speculation about government demand joining institutional and corporate Bitcoin interest, fueling Cathie Wood's audacious $1.5 million per coin bull case reported by TheStreet. Adding to the market frenzy, Jim Cramer revealed he was told President Trump plans to buy Bitcoin for the strategic reserve during this week's crash, with whispers of a massive accumulation drive at the $60,000 support level—signaling that government intervention could be the catalyst that propels Bitcoin to unprecedented heights.

Authority to Explore Additional Bitcoin Acquisition

The order directs the Secretaries of the Treasury and Commerce to develop strategies for acquiring additional Government Bitcoin. Those strategies must be budget-neutral and must not impose incremental costs on U.S. taxpayers.

Trump deferred to regulators when asked whether the government would buy more Bitcoin

When he was asked about accumulating Bitcoin or other crypto at the White House meeting, he said the subject had been discussed and that he would "rely on Paul and the whole group for that." He… pic.twitter.com/rHrHZSjqCG

The accompanying White House fact sheet likewise states that Treasury and Commerce are authorized to develop budget-neutral acquisition strategies. The directive addresses strategy development; it does not identify a purchase amount, schedule, or acquisition method.

The executive order treats the non-Bitcoin stockpile differently. It says the government will not acquire additional stockpile assets beyond those obtained through forfeiture proceedings or civil money penalties without further executive or legislative action. The Treasury secretary may determine stewardship strategies for that stockpile, including potential sales.

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ARK’s Bitcoin Framework, What the News Says

TheStreet reported that ARK Invest’s multi-scenario Bitcoin framework places its 2030 base case near $730,000 to $750,000 and its bull case at $1.5 million. The report described the bull case as resting on institutional adoption, Bitcoin’s fixed supply, and its emergence as a legitimate digital store of value.

Bitcoin’s 21 million-coin supply cap is stated in the executive order. The order also says that a fixed supply creates a strategic advantage for nations that are among the first to create a strategic Bitcoin reserve. Those statements explain why the reserve’s acquisition authority is relevant to the discussion of Bitcoin demand, even though the order does not set out an active buying program.

Bitcoin is trading above $75,000 at the time of writing, after trading below $65,000 four days earlier. Most news confirmed that Bitcoin was also traded near $35,000 four years earlier before reaching $126,000 in October 2025. Those figures provide context for the scale of a $1.5 million long-term bull case, but they do not establish a future outcome.