Key Takeaways
- The Trump administration plans to accumulate Bitcoin utilizing budget-neutral strategies.
- Bitcoin is being positioned as a strategic asset akin to digital gold for the US.
Share this text
The Trump administration plans to aggressively purchase Bitcoin by way of budget-neutral strategies that received’t impression taxpayers, mentioned Bo Hines, the manager director of the Presidential Council of Advisers for Digital Property, throughout a panel at Blockworks’ Digital Asset Summit 2025.
“The President was adamant about creating the SBR. We wished to ensure that we did it proper in a means that revered Bitcoin for being so distinctive and in addition gave credence to innovation and different areas within the digital asset world,” Hines mentioned.
The administration views Bitcoin as a commodity quite than a safety, emphasizing its intrinsic saved worth and distinctive traits.
“Bitcoin, it’s not a safety, it’s a commodity. It has intrinsic saved worth, it’s historically accepted. It has, as David likes to explain, the stainless conception. There’s no issuer,” Hines defined.
Hines, appointed by President Trump to steer the Crypto Council, is working with the White Home’s crypto and AI czar David Sacks to facilitate innovation and progress within the crypto sector.
“It’s one thing that’s crucial for the US to have, retain, proceed to construct on,” Hines acknowledged, drawing a parallel between Bitcoin and gold.
Hines added that the administration is concentrated on discovering methods to accumulate extra Bitcoin with out burdening taxpayers, focusing on “budget-neutral” approaches.
He mentioned that Trump’s Crypto Council is collaborating with the Treasury and the Secretary of Commerce to establish viable acquisition methods.
When requested about acquisition targets, Hines in contrast it to asking how a lot gold a rustic desires, implying a need to accumulate as a lot as attainable.
“That’s like asking a rustic, how a lot gold would you like? Proper? I imply, as a lot as we will get,” he mentioned.
In an interview with CNBC’s Squawk Field earlier this month, Treasury Secretary Scott Bessent, a identified Bitcoin advocate, mentioned that Bitcoin acquisition plans are in dialogue however step one could be to forestall additional liquidation of seized Bitcoin by the federal government.
Bessent acknowledged that the subsequent step could be to discover methods for extra BTC acquisitions. He additionally famous that whereas Bitcoin is the main focus, the initiative goals to embody a broader crypto reserve.
Share this text
