According to CNBC, renowned market commentator Jim Cramer recently revealed on a program that the Trump administration is considering launching a strategic Bitcoin reserve purchase plan if the cryptocurrency price drops to $60,000.

Policy Moves Amid Market Volatility

During the show on Friday, Cramer said he learned the government plans to purchase Bitcoin when its price hits $60,000. The cryptocurrency market has been highly volatile recently, with BTC briefly approaching $60,000 earlier this week before rebounding above $70,000.

Potential Implementation of Strategic Reserve

According to Cramer, for the government to proceed with the plan, Bitcoin's price would need to fall more than 15% from current levels. This revelation has sparked widespread discussion among investors about the potential for policy intervention.

  • The Trump administration may establish a Bitcoin strategic reserve
  • The purchase plan could be triggered at a price of $60,000
  • Bitcoin needs to fall over 15% for the plan to be feasible