The Trump administration is doubled its Bitcoin strategy, with the best officials who emphasize their commitment to grow the participations of the BTC of the United States government. Speaking at the top of digital resources today in New York, Bo Hines, executive director of digital resources for President Trump, clarified that the United States are determined to accumulate unprecedented bitcoins.
“I think the time has come that our president has started to accumulate resources for the American people, which is what President Trump is doing rather than taking him away,” said Hines. He continued to reveal that at the first summit of the digital resources of President Trump to the White House, the discussions were focused on “ways to acquire more bitcoin in neutral ways from the budget”.
Hines designed a direct confrontation between Bitcoin and Gold when he was asked how much BTC the government intends to hold. “You know, I was asked for all the time, it’s like how much you want?
His comments align with the wider administration strategy following the executive order of 6 March of President Trump, who formally established the Strategic Bitcoin Reserve of the United States. The initiative rekindles the BTC obtained through losses and convulsions, ensuring that Bitcoin remains under the control of the government as a long -term reserve. The next day, David Sacks, cryptographic councilor of President Trump, underlined the meaning of the move, telling Bloomberg: “We decided that Bitcoin is scarce, it is precious and this is strategic for the United States to resist this as a long -term reserve resource”.
In addition to the conservation, the administration is exploring the ways to expand its participations without cost taxpayers. At the top of the digital resources of the White House, President Trump himself said: “The Treasury and Commerce departments will also explore new paths to accumulate further Bitcoin participations for the reserve”.
The establishment of the Strategic Bitcoin Reserve has already stimulated multiple legislative actions. The United States representative Byron Donalds introduced a bill to consolidate Trump’s initiative in law, ensuring that it remains intact for future administrations. Meanwhile, the United States Senator Cynthia Lummis and the deputy Nick Begich have proposed a separate measure that asks the United States to buy 200,000 BTC per year in the next five years, for a total of 1 million BTC, which will be held for a minimum of 20 years.
With a limited bitcoin supply and a growing institutional adoption, the administration sees BTC as an essential resource for the financial future of the nation. As Hines said, “we look at Bitcoin, it’s not a security, it’s a commodity.