President Donald Trump maintains his desire to purchase Bitcoin for a U.S. Strategic Bitcoin Reserve, according to Patrick Witt, who served as executive director of the White House crypto council until October. Speaking on a podcast November 9, Witt outlined potential acquisition methods including repricing federal gold reserves and converting other government digital assets, but said all approaches require legal approval and depend on Treasury Secretary Scott Bessent.
The government has not finished auditing its current Bitcoin holdings due to poor record keeping and inadequate custody systems. Trump established the reserve through executive order in March 2025 rather than legislation, making it vulnerable to reversal. Direct market purchases face uncertainty because Congress controls spending authority.
Read the full story on BSC News: Trump Still Interested in Buying Bitcoin for Strategic Reserve, Former Crypto Adviser Patrick Witt Says
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