Core Viewpoint - The U.S. Treasury Secretary's statements regarding Bitcoin strategic reserves have undergone a dramatic shift, indicating a potential exploration of expanding reserves without new budget allocations [1][3]. Group 1: U.S. Government's Bitcoin Strategy - On August 14, the Treasury Secretary initially stated that the U.S. government would not purchase new Bitcoin, but later indicated that seized Bitcoin valued between $15 billion to $20 billion would be used to establish reserves [1]. - The seized Bitcoin, obtained through criminal or civil asset forfeiture, will form the basis of the strategic reserve, aligning with President Trump's earlier commitment to make the U.S. a "world Bitcoin superpower" [1][4]. Group 2: Market Implications - The uncertainty surrounding the U.S. government's potential purchases has left the market confused, but some cryptocurrency supporters view the situation positively, as it suggests that seized Bitcoin will be treated as non-saleable reserve assets [3]. - The absence of the U.S. government as a potential seller in the market could alleviate long-standing concerns about supply overhang, as seen when the German government sold its Bitcoin holdings last year [3]. Group 3: Future Outlook - The direct involvement of the U.S. government in Bitcoin purchases could be a milestone event, potentially setting a psychological price floor and boosting institutional confidence in the asset class [4]. - Despite the White House's vague stance on specific plans, there remains optimism among cryptocurrency supporters regarding the future direction of policy, with the goal of establishing the U.S. as a "world Bitcoin superpower" still intact [4].