🚨 Budget neutral buying | How can the United States reshape the BTC valuation anchor without expanding its fiscal deficit? Recently, White House advisor @ BoHines stated that the government is exploring the establishment of a national level Bitcoin reserve through a "budget neutral" approach - without taxes or debt, solely through the redistribution of existing fiscal resources. OKG Research has identified 5 feasible paths, measured their potential capital release capacity, and further deduced the systemic impact that such structured buying may have on the Bitcoin market 👇👇 🧾 Five budget neutral strategies and potential release amounts: one ️⃣ Tariff revenue redistribution (as proposed by Bo Hines): $7 billion - $70 billion two ️⃣ Revaluation of gold certificates releases liquidity (Bo Hines has raised): 500 billion three ️⃣ State owned asset tokenization (theoretical path): $12.5 billion - $50 billion four ️⃣ Unused budget funds recovery (theoretical path): $5.6 billion - $34 billion five ️⃣ Guidance on Pension Asset Allocation (Theoretical Path): 220 billion yuan+ 📌 The total potential buying volume of BTC under a budget neutral strategy is 764 billion to 874 billion+ 📊 Market multiplier effect | Buy ≠ Market value, key lies in "valuation re anchoring+liquidity uplift" For BTC, every $1 net inflow may lead to a market value increase of 2 to 5 times, due to liquidity slippage and valuation repricing mechanisms. Multiplying the inflow of $764 billion - $874 billion by a market multiplier of 2x-5x is expected to increase the total market value of Bitcoin from the current approximately 1.65 trillion to: 3.2 trillion to 6.0 trillion 🧮 Estimate potential price range based on actual active circulation: Effective active BTC supply ≈ 15.2 million (excluding Satoshi Nakamoto address, lost coins, and accounts not moved for more than 5 years) Corresponding price range: 207237-398026/piece ✅ OKG Research's viewpoint: 'Budget neutrality' is not only a fiscal tool, but also a structural force that is reshaping asset pricing mechanisms and sovereign reserve logic. These structural capital inflows do not mean 'buying up the market', but they will anchor the valuation system of market consensus. In the new fiscal structural paradigm, Bitcoin may become an anchor asset on sovereign balance sheets. 📌 Additional explanation of core assumptions: 1. Tariff pathway: The estimated tariff revenue for the United States in 2025 is around $700 billion, assuming that 1% -10% of it is used to purchase BTC. 2. Revaluation of Gold Certificates: The Ministry of Finance will still account for gold at 42.22/oz, with a current price of around 3200. If revalued and 10% released, the corresponding liquidity will be approximately $500 billion. 3. Asset tokenization: According to data from the US Department of Transportation, the total valuation of infrastructure is approximately 2.5 trillion yuan. If tokenized by 0.5% -2% of future toll rights, $12.5 billion - $50 billion can be released. 4. Budget fund recovery: The CBO report shows that the unused budget funds reached 1.129 trillion yuan. If 10% (~$113 billion) is recovered, 5% -30% of it will be allocated to BTC, which is $5.6 billion - $34 billion. 5. Pension allocation guidance: The total assets of US pension funds are about 44.1 trillion yuan (ICI data). If 0.5% of BTC is allocated, the potential release of funds is over 220 billion yuan. Bitcoin BTC Macro BitcoinETF DigitalGold FiscalPolicy BudgetNeutral ReserveAssets USDebt CryptoResearch Tokenization Gold OKGResearch Tariffs