According to @EleanorTerrett and @jacqmelinek, the Trump Administration is implementing a 'budget neutral' approach to accumulate billions worth of Bitcoin by selling gold reserves. This move could significantly impact Bitcoin's market price and trading volumes as it suggests a major institutional shift towards cryptocurrency. The strategy is aimed at leveraging Bitcoin's potential as a digital asset while maintaining fiscal balance. Such actions could lead traders to anticipate increased Bitcoin demand and potential upward price pressure.

According to Matt Hougan, the US government, through an Executive Order, has tasked the Secretary of the Treasury and the Secretary of Commerce with developing strategies to acquire additional Bitcoin (BTC) for government holdings. These strategies must be budget neutral and not impose additional costs on the United States, indicating a cautious yet forward-looking approach to integrating cryptocurrency into national reserves.