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Bo Hines reveals plan for Bitcoin Reserve to secure US dominance

Bo Hines reveals plan for Bitcoin Reserve to secure US dominance

GrafaGrafa2025/04/30 13:00
By:Mahathir Bayena

Bo Hines, executive director of President Trump’s Council of Advisers on Digital Assets, outlined the US government’s plan to become a leading Bitcoin (CRYPTO:BTC) holder by rapidly accumulating the cryptocurrency through a Strategic Bitcoin Reserve (SBR).  

Hines described this effort as a race akin to a space race, emphasizing Bitcoin’s finite supply and its value as “digital gold.”

He said the US intends to secure as much Bitcoin as possible to strengthen national economic resilience without burdening taxpayers.  

The administration is working with the Treasury Department to audit existing government Bitcoin holdings and develop budget-neutral acquisition methods.

These methods include using tariff revenues and revaluing Treasury gold certificates to fund Bitcoin purchases, avoiding new taxes or borrowing.  

“We’re looking at many creative ways-whether it be from tariffs, whether it be from something else… Everything is on the table,” Hines said.  

“I want as much as we can possibly accumulate,” Hines rejected setting a fixed cap on Bitcoin holdings, stating the goal is to start accumulating Bitcoin quickly with scalable strategies that ensure efficiency and practicality.

This initiative aligns with President Trump’s executive order establishing the SBR and a digital assets stockpile, as well as broader regulatory reforms aimed at fostering innovation in digital assets and stablecoins.  

Hines also highlighted the administration’s efforts to modernize financial oversight and integrate blockchain technologies into the US banking system.  

“The strategic reserve is just the beginning. We’re thinking long-term about what assets can empower the American people and insulate us from global shocks,” he added.  

The US aims to position itself as the global “Bitcoin superpower” amid increasing international competition for the scarce digital asset[

At the time of reporting, the Bitcoin price was $94,751.04.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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