The White House promised to find ‘budget-neutral’ ways to increase the planned US Bitcoin reserve. That means they can’t buy Bitcoin outright.
Or does it?
We dig into what the BITCOIN Act actually states and take a look at three of the best altcoins to watch if $BTC gets a US Treasury-sponsored boost.
BITCOIN Act Allows Gold-Backed Federal BTC Buys
Senator Lummis, Senate Banking Subcommittee on Digital Assets Chair, introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the U.S. Senate back in early March.
That act looks to be the framework for the Bitcoin Reserve and the broader US approach to digital assets. Importantly, it pitches for the US to acquire 1M Bitcoins, approximately 5% of the world’s total $BTC supply, over the next five years.
And, it states this acquisition can be funded through the sale of Federal Reserve gold certificates.
President Trump’s own executive director of the President’s Council of Advisers on Digital Assets, Bo Hines, has also suggested that the US could leverage the sale of US gold certificates to fund the purchase of Bitcoin.
This would still comply with the ‘budget-neutral’ caveat by not allocating taxpayer funds, while providing a way for direct purchases of $BTC by the US government. Could it also prompt a Bitcoin feeding frenzy?
A Rising Tide Lifts All Boats
Already, there are signs of increased demand for Bitcoin, with a growing regulatory framework that is strongly pro-Bitcoin. That includes moves by multiple US states to introduce their own Bitcoin reserves or to clarify regulations that protect Bitcoin mining and digital asset security.
Beyond Bitcoin, the broader crypto market has struggled with an uneven first quarter in 2024, but as demand for the world’s leading crypto rises, so too for many of the top altcoins.
Here are three of the best altcoins to watch closely for their big-gains potential. Could they go 100x in a bull market?
1. Catslap ($SLAP) – Competitive Slap-to-Earn Gains 450% Post-Launch
Catslap ($SLAP) gives Play-to-Earn fans a terrible, wonderful choice.
Pick the meme and popular figure of your choice – Musk? Trump? Pepe? – and slap ‘em.
The choice might be difficult, but who doesn’t love slapping stuff? Especially when it earns you free crypto in the form of $SLAP tokens.
To play Catslap, you need to connect an EVM-compatible wallet like the Best Wallet app to receive your $SLAP rewards, which are allocated based on your standing in the Leaderboard.
Leaderboard points are a combination of Slap points from the Catslap game itself, and Zealy Points, earned by completing social media tasks and quests.
You need to hold $SLAP to play the Catslap game. $SLAP tokens can be purchased through Best Wallet. Rewards from the Leaderboard are distributed in the Slapdrop, distributed to your connected Best Wallet.
Learn how to buy $SLAP in our guide, or check out why we think the token could go 5x and reach $0.0135 in our Catslap price prediction.
Visit the Catslap page for more information; you can also find Catslap in the Best Wallet app.
2. Meme Index ($MEMEX) – Next-Level Memecoin Investing with 547% Staking APY
Meme Index (MEMEX) sets its investors up with a tool that helps them make sense of the crazy meme coin market.
Stock markets have used indexes for years to track and invest in the performance of entire sectors at once. Well-known examples include the Dow Jones Industrial Average, a name even non-investors recognize.
Meme Titan tracks the biggest memecoinss – $DOGE, $PEPE, and more.
Meme Frenzy, at the other end of the spectrum, follows new and emerging cryptos, embracing the volatility to harness the biggest potential for crazy memecoin gains.
Early investors can also stake their $MEMEX tokens during the presale for an estimated 547% APY. Token holders also get governance rights. This means they help shape the direction of the project and vote on which tokens are included in the indexes.
New meme coins come and go, but Meme Index gives investors a way to navigate the market without needing to research and invest in each token individually. With four indexes planned so far, there’s something for every investor, from the risk-adverse to degens.
The project has raised some $4.2M in the presale so far, and you can purchase $MEMEX tokens for $0.0166883. The price could go much higher; our Meme Index price prediction sees it potentially reaching $0.074 by the end of 2025.
Visit the Meme Index presale or see our How to Buy Meme Index guide for more details.
3. XRP ($XRP) – Ripple’s Leading Altcoin Ready to Surge?
Ripple continues to make waves with $XRP, one of crypto’s leading altcoins.
There’s word of a potential XRP ETF, and the token was on the list of cryptos to potentially be included in the US Digital Assets Stockpile.
And now, with Ripple CEO Brad Garlinghouse predicting that the SEC is about to drop its case against the company, $XRP could be set for a major surge.
$XRP boasts a $2.8B market capitalization and currently trades at $2.44. It’s the fourth-largest crypto, behind only $BTC, $ETH, and $USDT.
Now, the SEC hasn’t officially announced anything yet. If Garlinghouse is correct, it’s possible the agency is waiting for its next formal meeting on Thursday, March 27.
If $BTC surges on the back of US government purchases, look for $XRP to make its own push.
A Gold Rush for the Bitcoin Reserve?
Will the sale of gold certificates prompt a Bitcoin rush?
Of all the moves the Trump administration has taken to promote crypto, moving to purchase Bitcoin outright could be the biggest.
And while there’s a lot of talk in the crypto community about ‘bitcoin season’ and ‘altcoin season’ – and which is potentially more profitable – the fact of the matter is that Bitcoin’s rise helps nearly all cryptos.
As always, however, do your own research before investing, as crypto is notoriously volatile.
Even so, a government committed to adding 1M Bitcoins to its stockpile could only be good for crypto and Bitcoin’s price. Watch these altcoins closely to see how deep and wide the impact runs.
