Jim Cramer’s Unverified Bitcoin Reserve Claim

Reports emerged regarding Jim Cramer’s assertion that President Trump bought Bitcoin for the US reserve. Claims come after $60k rumors. However, no primary source has validated this statement, leaving it purely speculative at this point.

Jim Cramer, a CNBC host, declared on air that Trump purchased Bitcoin, yet labeled it as hearsay.

Jim Cramer, CNBC Host, – “I heard at $60k he’s gonna fill the Bitcoin Reserve,” but described it as hearsay with potential market implications: source.

No statements or confirmations were made by Trump, the White House, or the US Treasury Department following Cramer’s announcement.

Cramer’s claim caused Bitcoin’s price to increase from $60,000 to over $70,000 amid intense speculation. Bitcoin price surged amid speculation following Cramer’s claims. Market reaction mirrored past trends, where unverified news impacts trading behaviors and sentiment among investors and speculators alike.

Despite market excitement linked to this rumor, no policy changes or statements emerged from major regulators such as the SEC and CFTC. No evidence of government Bitcoin purchases or policies exists. The financial environment remains unchanged by any official US government strategy involving Bitcoin acquisitions.

No historical precedents for such a government Bitcoin purchase exist, accentuating Cramer’s claim’s unverified nature. Previous campaign promises regarding a Bitcoin reserve by Trump have not materialized, according to official records.

Experts suggest potential implications on market dynamics if the US government confirmed Bitcoin allocations. But without verifiable data or regulatory adjustments, such scenarios remain hypothetically untested, pending further corroboration from relevant authorities.