Key Takeaways
- Trump advisor Bo Hines met with Nayib Bukele to discuss Bitcoin cooperation.
- The U.S. is exploring a Strategic Bitcoin Reserve modeled after El Salvador's approach.
- El Salvador currently holds over 6,198 BTC and has national Bitcoin education programs.
Bo Hines, the head of President Donald Trump’s digital assets advisory council, met with El Salvador’s President Nayib Bukele to discuss cooperation in the Bitcoin and digital asset space.
Confirmation of the meeting
The meeting was confirmed by El Salvador’s Bitcoin Office on June 5.
The office stated that Hines and Bukele explored…
… collaboration between the United States and El Salvador on bitcoin and digital assets.
Hines commended Bukele’s leadership, calling his initiatives in the space “transformative.”
Significance of the visit
The visit adds new significance to Bukele’s earlier trip to the White House, where he met President Trump to talk about regional security and prison agreements.
While Bitcoin was not part of that agenda, Hines’ follow-up trip brings the focus back to digital assets.
Strategic Bitcoin Reserve proposal
Hines’ presence in El Salvador also aligns with Trump’s earlier proposal to establish a Strategic Bitcoin Reserve (SBR), which would be funded through digital assets seized in criminal cases and other budget-neutral methods.
While the U.S. has not made any official Bitcoin purchases, the plan could mirror El Salvador’s approach.
The Central American country holds over 6,198 BTC and was the first nation to adopt Bitcoin as legal tender.
Investment in Bitcoin education
El Salvador is also investing in Bitcoin education.
Stacy Herbert, director of the country’s Bitcoin Office, said:
El Salvador is preparing our young people to become global tech leaders by… giving them an ethical and philosophical foundation to build the world they want to see.
