The Trump administration doubles on its Bitcoin strategy, where top officials emphasize their commitment to grow the US government’s BTC holdings. Bo Hines, CEO of digital assets for President Trump, spoke at the Digital Assets Today in New York.
“I think it’s high time that our president began to gather assets for the American people, which is what President Trump does rather than take it away,” Hines said. He continued to reveal that on President Trump’s first ever digital assets at the White House, discussions centered on “ways to acquire more bitcoin in budget neutral ways.”
Hines drew a direct comparison between Bitcoin and Gold when asked how much the BTC government intends to hold. “You know I’ve been asked all the time, it’s like how much you want? Well, it’s like asking a country how much gold do you want – as much as we can get.”
His comments are in line with the administration’s wider strategy following President Trump’s 6 March executive order, which formally established the US strategic Bitcoin Reserve. The initiative reuses BTC obtained through perdition and seizures, ensuring that Bitcoin remains under government control as a long -term reserve. Just the next day, President Trump’s crypto adviser David Sack’s importance emphasized and told Bloomberg: “We have decided that Bitcoin is scarce, it is valuable, and it is strategic for the United States to hold on to this as a long-term reserve asset.”
In addition to retention, administration examines ways of expanding its stocks without costing taxpayers anything. At the White House Digital Asset Summit, President Trump himself said, “Treasury and Commerce Departments will also explore new ways to accumulate additional Bitcoin stocks to the reserve.”
The creation of the strategic Bitcoin Reserve has already spurred more legislative action. The American Rep. Byron Donald’s introduced a bill to clot Trump’s initiative to the law, ensuring that it remains intact for future administrations. Meanwhile, US Senator Cynthia Lummis and Congress Member Nick Begich have proposed a separate measure calling on the United States to buy 200,000 BTC a year over the next five years, a total of 1 million BTC, which would be held for at least 20 years.
With a limited Bitcoin supply and rising institutional adoption, the administration sees BTC as an important asset to the nation’s economic future. As Hines put it, “We look at Bitcoin, it’s not a security, it’s a product. It has inherently saved value, it is traditionally accepted … and that is why you saw in the executive order that we compared this to digital gold.”