Changpeng Zhao, the co-founder and former CEO of Binance, suggested that the US government is actively buying Bitcoin. This statement came after reports that Montana's proposed 'Strategic Bitcoin Reserve' legislation passed committee review and will proceed to a vote. The bill aims to create a special revenue account allowing the state to invest in precious metals, stablecoins, and digital assets with a market cap over $750 billion, with Bitcoin being the only cryptocurrency that meets this criteria. Other states, such as Utah, Arizona, and Oklahoma, have also proposed similar bills. These developments imply that the US government may be aggressively purchasing Bitcoin, potentially driving its price up. The government has shown positive interest in Bitcoin, with both the Trump administration and Senator Cynthia Lummis introducing pro-crypto bills. This indicates a growing trend of government bodies recognizing and incorporating digital assets into their financial strategies.



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