Key Takeaways
- Bo Hines revealed plans for a US Strategic Bitcoin Reserve to secure national holdings.
- The reserve would be supported by a Treasury-led audit and budget-neutral acquisition methods.
- Trump's administration aims to make the US the global leader in Bitcoin accumulation.
Bo Hines, White House advisor and head of the US Digital Assets Advisory Council, has announced the Trump administration’s commitment to making the United States the global leader in Bitcoin.
The centerpiece of this strategy is the creation of a Strategic Bitcoin Reserve (SBR), which will be supported by budget-neutral acquisition plans and audited existing holdings.
The Bitcoin “Space Race”
Hines described the international accumulation of Bitcoin as a “space race,” stressing the need for the US to act swiftly:
The goal is to begin the accumulation process as quickly as possible, with initial steps prioritized for speed and scalability.
Treasury Department’s role
The administration is working closely with the Treasury Department, led by Scott Bessent, to conduct a full audit before launching efficient acquisition methods.
Hines previously mentioned that the reserve could be funded using tariff revenues, calling Bitcoin “digital gold” and emphasizing its scarcity.
Hines said:
There is a finite number of Bitcoin and I think there will end up being a race to accumulate.
Policy shifts in the First 100 Days
His comments come during President Trump’s first 100 days in office, which have featured significant digital asset policy shifts.
These include ending Operation Choke Point 2.0, reversing key lawsuits and banking regulations, and creating an interagency group to streamline legislation.
Future legislative actions
Further actions are expected, including a forthcoming vote on the Genius Act, which could define stablecoin regulation, and a detailed report on broader digital asset frameworks.
