Trump Administration Is 'Only Looking To Accumulate' Bitcoin, Bo Hines Says

Bo Hines, Executive Director of the Presidential Council of Advisers on Digital Assets, offered fresh insights into how the U.S. government plans to build a Bitcoin BTC/USD Strategic Reserve.

What Happened: In an interview with Anthony Pompliano published on Tuesday, Hines emphasized the administration's goal to acquire Bitcoin without tapping taxpayer funds, instead pursuing innovative approaches such as rebalancing government assets and using non-tax revenue sources.

One of the standout proposals supported by Senator Cynthia Lummis (R-Wyo.) through her 2025 Bitcoin Act is revaluing gold certificates, which are still marked at just $43/oz, to reflect gold's current market price near $3,200/oz. The increased asset value could then be used to accumulate BTC.

Hines also revealed the formation of an interagency working group featuring Commerce Secretary Howard Luttnick and Treasury Secretary Scott Bessent tasked with evaluating all viable strategies, including the use of tariff revenue as a funding mechanism. “Everything is on the table,” he said, adding that they hope to begin implementing the plan soon.

Also Read: Bitcoin Poised To Rise If Macro Obstacles Clear, Bitwise’s Matt Hougan Says

Why It Matters: Hines said President Trump is deeply supportive of Bitcoin and digital assets and has made it clear that he wants the U.S. to become the global crypto capital. He added that the crypto space was “under siege” during the Biden administration, but now the goal is to rebuild confidence and leadership in the space.

Calling Bitcoin "the grandfather" of crypto, Hines emphasized the importance of its ecosystem and long-term value. While advising everyday Americans to consult financial professionals before investing in volatile markets, he clarified the government has no plans to sell any Bitcoin it acquires.

"We're only looking to accumulate," Hines said. "And we have a lot of high-IQ people working to make that happen."

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