Jim Cramer, a well-known CNBC host, claimed during a live broadcast that the U.S. government might have purchased Bitcoin near the $60,000 mark. However, no on-chain data supports this assertion. Blockchain analytics firm Arkham reports that U.S. government Bitcoin holdings have remained unchanged over the past month, contradicting Cramer's claim.
The speculation arises amid volatile Bitcoin market conditions, with prices recently fluctuating between $60,000 and $70,829. Despite the rumors, an executive order from March 2025 prohibits the federal government from using public funds to buy Bitcoin, limiting any potential for such purchases. Treasury Secretary Scott Bessent confirmed that the government lacks authority to influence Bitcoin prices or intervene in crypto markets.
Jim Cramer Suggests U.S. Government Bought Bitcoin at $60,000, Lacks Evidence
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