Trump’s Crypto Advisor Says There’s A ‘Space Race’ to Build a Bitcoin Reserve

Bo Hines, govt director of the President’s Council of Advisers on Digital Belongings, has mentioned that the nation is in a world “house race” to construct a U.S. Bitcoin reserve.

Hines additionally confirmed that the federal government is transferring swiftly to determine a Strategic Bitcoin stockpile.

Bitcoin Stockpile Plans

In a current interview with Bitcoin Journal, the White Home crypto advisor said that international locations world wide are quietly working to gather Bitcoin as a long-term asset, emphasizing that America goals to take the lead.

In keeping with him, the administration is collaborating with the Treasury Division to audit present Bitcoin holdings and design “budget-neutral” acquisition strategies. He additionally clarified that no single coverage strategy is being pursued. As an alternative, a number of methods are being explored to find out essentially the most sensible and environment friendly path ahead.

Hines expressed confidence within the U.S. Treasury Division and the Chamber of Commerce to develop “extraordinarily artistic” methods to build up the flagship cryptocurrency. The preliminary goal is to start the method rapidly, prioritizing pace and scalability, with further steps to be launched in phases.

The crypto advisor has beforehand cited tariffs applied by the president as a possible means for constructing federal Bitcoin reserves.

When requested about how a lot Bitcoin the U.S. desires to accumulate, Hines referred to it as “a foolish query,” implying that the federal government has plans to carry extra of the digital asset.

Milestones and Bitcoin’s Worth

Reflecting on the primary days of his administration, the 29-year-old highlighted early actions taken underneath President Trump, together with an govt order signed throughout his first week in workplace. The directive created an interagency working group, formally ended what’s extensively referred to as “Operation Chokepoint 2.0,” and led to main regulatory reversals.

This included the Securities and Trade Fee (SEC) dropping key lawsuits and banking regulators easing restrictions on crypto corporations. The Trump administration additionally hosted the first-ever White Home Crypto Summit.

Hines said that the U.S. is positioning itself to change into “the crypto capital of the world,” aligning with the president’s broader imaginative and prescient to make America essentially the most engaging vacation spot for innovation in digital property.

The previous Republican nominee was appointed in January 2025 to the newly shaped crypto advisory group and serves alongside crypto czar David Sacks. Though he acknowledged the existence of different digital ecosystems, Hines emphasised that the principle focus is on Bitcoin as a consequence of its uniqueness.

He additionally referred to the cryptocurrency as “digital gold,” describing it as a commodity, not a safety. Trump’s advisor referenced its origins and the idea of “Immaculate Conception,” a time period beforehand utilized by David Sacks to indicate its intrinsic worth.