Trump’s Bitcoin Bet: Cramer’s 60k Gambit Goes Viral

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Picture it, CNBC echoes with the brass of a Broadway finale as market maestro Jim Cramer announces, with the confidence of a guy who just found the treasure map in a cereal box, that the Trump crew is eyeing Bitcoin for a shiny new Strategic Reserve. All this in the middle of a market that’s doing the cha-cha with volatility.

Summary

  • Cramer claimed the Trump administration may buy Bitcoin for a proposed U.S. Strategic Reserve, reportedly targeting a $60,000 entry price amid recent market volatility.
  • The U.S. government currently holds 328,372 BTC (over $23 billion), with executive orders specifying that reserves come from asset forfeitures and cannot be sold; Treasury officials say public funds cannot be used to buy crypto.
  • Interest in a Strategic Bitcoin Reserve is rising, with Polymarket placing the probability of establishment before 2027 at 31%, while BTC trades around $71,133, up 3% over the past 24 hours.

“I heard at $60,000 the President is gonna fill the Bitcoin Reserve,” Cramer declared on Friday’s Squawk on the Street-as if announcing a surprise wedding, but with more digits and fewer flowers.

The remark came as Bitcoin staged its own risky vaudeville act, briefly flirting with $60,000 before bouncing back above $70,000. If the purchase happens at that price, Bitcoin would have to slide more than 15% for the administration to press the big red button.

What the data shows

According to Arkham data, the U.S. government currently holds 328,372 BTC, valued at over $23 billion, with no recent changes in holdings. An executive order from March 2025 specifies that BTC for the reserve would come from criminal and civil asset forfeitures, and deposits cannot be sold-because who doesn’t love a good plot twist in a memo?

Treasury Secretary Scott Bessent has stressed that the federal government has no legal authority to bail out Bitcoin or compel banks to purchase it, reinforcing that public funds cannot be used to acquire cryptocurrency assets. It’s like saying, “No, you can’t use the lemonade money to buy a camel”-clear as mud, but entirely in the spirit of the law.

Despite these legal constraints, interest in a Strategic Bitcoin Reserve appears to be growing. Polymarket data shows the probability of such a reserve being officially established before 2027 has risen to 31%, up from 23% in early January-more dramatic than a cliffhanger in a Mel Brooks musical.

At the time of reporting, Bitcoin was trading at $71,133.74, up roughly 3% over 24 hours, continuing the wild ride that keeps investors glued to screens like an audience waiting for the next pratfall in a political farce.

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2026-02-10 03:50