The Trump administration uses tariff revenue to buy Bitcoin, giving crypto investors fresh hope around the world.
Trump wants a strategy to buy more Bitcoin without adding additional costs to US taxpayers.
Bitcoin jumps 15%, trades over $85,000, and could soon reach a resistance level of $90,000.
Continuing tariff tensions and market turmoil around the world have led crypto investors to have a ray of hope as the Trump administration announced plans to use tariff money to buy Bitcoin. Is this the right time for the US to use the tariff fund to buy Bitcoin at a low price, as Bitcoin has already fallen 25% from its peak?
Buy Bitcoin using your customs income
Last month, US President Donald Trump signed an executive order to create strategic preparations for cryptocurrency using digital tokens already owned by the government. He also asked U.S. Department of Commerce and Treasury secretaries to come up with a budget-neutral strategy to buy more Bitcoin without spending extra money on taxpayers.
💥breaking:
The Trump administration says we may use tariff revenue to buy Bitcoin
Mega Bullish
– Crypto Rover (@rovercrc) April 15, 2025
One idea in circulation in the Trump administration is to use revenue generated from tariffs to buy Bitcoin. By doing this, the US was able to add Bitcoin to its preparations without borrowing more money or raising new taxes.
The idea is still a hot topic, but it shows that the government is thinking about new ways to deal with money.
Lummis’ plan to use gold certificates for bitcoin
Senator Cynthia Ramis talks about new ways to buy Bitcoin under the Bitcoin Act of 2025. She wants to change the value of US gold certificates, which are less valuable than the actual value of gold.
This change allowed the US to buy Bitcoin and get more money to create new preparations.
Bitcoin is aiming for $90,000
Bitcoin is showing strength again after bouncing off the recent dip. Prices have risen 15%, and are currently trading at around $85,350, with market capitalization rising to $169 trillion.
Currently, Bitcoin is over $84,000, and remains strong above the simple 100-hour moving average. An upward trend line has also been formed, with support at around $85,200, suggesting that buyers are still in control.
Bitcoin faces resistance in the future. The first hurdle was nearly $85,800, followed by $87,200. If the price breaks above, it could move even higher, possibly reaching $90,000.
