Whereas talking on the Digital Property Summit in New York on 18 March 2025, Bo Hines, US President Donald Trump’s Govt Director on Digital Property likened Bitcoin to Gold.
Hines introduced that the administration intends to amass “as a lot Bitcoin as we will get.”
“We have a look at Bitcoin—it’s not a safety; it’s a commodity,” he stated. “It has intrinsic retailer of worth, it’s historically accepted. It has the stainless conception as there isn’t any issuer. That’s why within the government order, we in contrast it to digital gold.”
President Trump’s Govt Director for Digital Property @BoHines weighs in about constructing the crypto capital of the world throughout @blockworksDAS.
“We would like as a lot (Bitcoin) as we will get.”
pic.twitter.com/ykRRbpj3eU
— Torram.xyz
(@Torram_xyz) March 18, 2025
Technique Founder and Chairman Michael Saylor has proven help for Hines’ feedback on buying extra Bitcoin on X. Curiously, Saylor introduced a $500m inventory sale to purchase extra Bitcoin right this moment, 19 March 2025.
Discover: 20+ Subsequent Crypto to Explode in 2025
Trump Saved His Promise On Crypto Reserve: Hines
Hines insisted that Trump fulfilled his cryptocurrency-related marketing campaign pledges well timed. On 6 March 2025 Trump signed an government order establishing a crypto reserve that features Bitcoin, Ethereum, Ripple, Solana and Cardano. In keeping with Hines, the government order represents a direct fulfilment of Trump’s marketing campaign guarantees to the Bitcoin group. Throughout his marketing campaign, Trump had additionally pledged to fireplace then-SEC Chair Gary Gensler. Each guarantees to the crypto group have now been realized.
Hines additionally stated that US has to proceed to construct on the Bitcoin reserve. Speaking in regards to the significance of US accumulating property, he stated, “We’re wanting ahead to working with our companions at Treasury and the Secretary of Commerce so as to outline these budget-neutral methods through which we will purchase extra.” Did Hines point out lively collaboration between authorities departments to develop acquisition methods?
At the moment, the US has 198,109 BTC and the UK has 61,245 BTC. Curiously, submit a latest state sponsored crypto heist, the North Korean authorities at the moment owns a whopping 13,562 Bitcoins.
America would be the Bitcoin superpower of the world.
The Golden Age of America has BEGUN! pic.twitter.com/HUQsNYfUiP
— The White Home (@WhiteHouse) March 8, 2025
Discover: Greatest Meme Coin ICOs to Spend money on March 2025
“Funds-Impartial” Means To Buy Bitcoin
In keeping with Trump’s government order, the federal government won’t actively buy extra tokens for its basic crypto stockpile. As an alternative, this reserve will consist solely of property already in authorities possession by way of confiscations and forfeitures.
Whereas the chief order specifies that the federal government will solely use “budget-neutral” means to buy Bitcoin for the strategic Bitcoin reserve, Hines clarified that this doesn’t point out an absence of dedication to constructing substantial reserves.
In truth, he emphasised that the first goal is to reverse the earlier administration’s strategy of liquidating Bitcoin holdings—a method that reportedly resulted in over $17 billion in losses.
When questioned in regards to the goal dimension for the federal government’s Bitcoin holdings, Hines supplied a simple response that reveals the administration’s formidable imaginative and prescient. He in contrast the query to asking a rustic how a lot gold it wish to possess.
Discover: Greatest Meme Coin ICOs to Spend money on March 2025
Key Takeaways
The US authorities’s pivot from liquidating Bitcoin holdings to actively accumulating them marks a vital shift.
At the moment, the US has 198,109 BTC and the UK has 61,245 BTC. Curiously, submit a latest state sponsored crypto heist, the North Korean authorities at the moment owns a whopping 13,562 Bitcoins.
The submit Trump’s Crypto Govt Director Says Authorities Is Wanting For As A lot Bitcoin As It Can Get appeared first on 99Bitcoins.
