I think this has been ruled out many times and also it would be difficult to make it understood by the public. In the original executive order they always spoke about "budget neutral" ways of acquiring these bitcoins. Whatever this means.

Yes, you are Right.In government language, such words are usually used when they do not want to completely close something,nor do they want to make a public commitment. If the government buys Bitcoin from the government market, it will be an economic decision and a policy Statement.Then many may ask, why Bitcoin? Why not Gold? Why not some other strategic Asset.I think it will be very difficult for the government to avoid these questions. It just seems to me that by using the word budget neutral, they are taking a chance and leaving the legal and political door open for the future. In reality,there may be no preparation for direct purchase. So the goal of 1 million Bitcoin is just talk and Theory..In reality, the United States is still keeping Bitcoin at this level of confiscated assets, not as a full strategic reserve.

This is classic Trump behavior, no surprise there... because as far as I know, Trump has never promised regular investment in Bitcoin, but they are taking policy steps to maintain and strategize to acquire more Bitcoin as a government reserve asset-- and seizing more Bitcoin from criminal activity is the strategy they have demonstrated so far. While that doesn't mean they will continue to acquire Bitcoin this way, if they don't buy Bitcoin by allocating their own funds, then they simply don't have much confidence in it and will continue to play it safe by acquiring more Bitcoin by seizing more Bitcoin from criminal activity.

THE 1st #BITCOIN AND CRYPTO MARKET STRUCTURE BILL MARKUP WILL HAPPEN THIS WEEK

REGULATION IS COMING 🚀

Source:https://x.com/i/status/2010437808289198164
Hopefully, after this plan, fraud will decrease a lot. And people will be more confident in Bitcoin. People from all walks of life will benefit from investing in Bitcoin. And large institutions will be able to invest without any hesitation. In the long run, stability and acceptability will increase.

Trump does not mind if the BTC price rises from time to time as long as he is personally profiting off it.  So yeah any rise in the bitcoin price might not be sustained in a way that "gets out of control" unless he and his buddies have been able to stock up first, and of course, we know that from time to time, there may well be ongoing accompanied manipulation that could go in either price direction.

You are correct in your pointing out Trump's likely favorable use of crypto rather than bitcoin to the extent he has much if any clue about the difference (even though he likely had been coached several times on the topic), yet his intermingling of crypto rather than bitcoin likely shows that he hardly knows what he is talking about, even though from time to time, he will start to appear like he is "getting it," but he does not get and probably does not accept the idea of individual sovereignty (especially wide-spread individual sovereignty), unless that individual sovereignty is ONLY achieved through providing him and his buddies abilities to launder money, to obfuscate and/or to manipulate information and/or markets in their favor without getting caught.   

Trump likely even has advisors that recognize and point out the love/hate relationships that the public has with Trump, and so Trump does not mind playing the bad guy from time to time, since he loves a bit of chaos that keeps him pulling various puppet strings, and at the same time, he can scam, act like he does not know that he is scamming, and sell a bunch of product to both his lovers and to his haters.. and play us all at the same time, to the extent that he can get away with playing us and even scalping some value out of it. 

A large number of folks recognize and appreciate that Trump can stab them in the back at any time, yet many of them still seem to continue to love him.. .and there tends to be a lot of testimony from folks regarding how charming that Trump can supposedly be in person.. which I truly have my doubts about his actual charm, yet I would imagine that he is likely more charming as long as you are either agreeing with him or that your position is mostly not in conflict with his.. and I doubt that it takes much for him to turn on you, if he perceives that you slighted him in public and you are not close to the same power level as him (regarding the resources that you control).

This site https://mcs.pt/how-capital-gains-on-crypto-are-taxed-in-portugal-2026-guide/ explains everything about taxation on Bitcoin in Portugal.

But this is really good because with those law they implement it can encourage people to HODL their Bitcoin to enjoy the 0% tax rate. Since if they deal with it for short term they are subject to pay 28% which is kinda huge especially for small or even with big investors.

Hard to say that they will surely became financial independent with these, but if Bitcoin succeed more people in their country will provably earn huge especially if they choose to HODL because of this law implemented by their government.

I personally think that no taxes on Bitcoin capital gains would be nice, but it isn't a game changer for me that would have me move to a different country.  In the United States, you can earn nearly $50K in capital gains before having to pay taxes depending on your situation (more if married or the head of a household).  If you have no debt, $4K a month in tax free income is a good chunk of change to live on.  After that, taxes are still pretty low on long term capital gains for a while.  If you aren't selling six figures of BTC per year, it really doesn't even seem like an issue.  Selling at a smart time more than makes up for any tax losses.

Right, since by looking at their one year no capital taxation law it does not make Bitcoin as currency. Since in this set up they legally treated it as property, It seems that 365 days target just make people choose either they go short term then get taxed or just follow their recommendation then try to hold at least a year no tax or its up to you if you continue to HODL up to 4 years or maybe more.

If we talk about real currency which people can spend anytime they want without worrying about consequences like taxes, but on those implementation they do people may face taxation especially if they side to sell it under 1 year. That's why same as you four year cycle really make sense if we talk about investment and that still sticks on the law they implement. The law seems government want to identify speculation vs investment and for now maybe not making Bitcoin as their currency.


Well great point, since looking on that situation it seems US want people to earn first before the tax kick in and that's good taxation model. For those people debt free, having $4k a month is really enough to have a comfortable life.

Also 28% is huge and not really good cut especially for people sell it early. Maybe if Bitcoin moves huge figures and they earn big people selling early won't feel that, but its more strategic if they choose to hit 1 year mark first so there's no tax taken from their profit.  

Solid write-up, thanks for putting this together. The comparison with traditional strategic reserves makes the idea much clearer, especially for people who are new to the concept. Still feels early and politically uncertain, but it’s interesting to see how seriously this is starting to be discussed.