Bitcoin Buying Race? US Wants More, Says Trump’s Digital Assets Chief
20 Marzo 2025 - 5:00AM
NEWSBTC
Can we expect a massive accumulation of Bitcoin during the
presidency of US President Donald Trump? If we base it on the
recent statements of Bo Hines, Trump’s pick to head its Digital
Assets section, the industry will soon see an aggressive investment
strategy from the US government. Hines shared the department’s plan
during a speech at the digital assets summit. He mentioned they
plan to invest “as many Bitcoins” as possible. Related
Reading: XRP Vs. ETH: Bold Prediction Claims ‘Dying’ Ethereum’s
Reign Is Ending The interview and Hines’s subsequent thoughts came
after Trump approved an executive order on March 6th to create a
cryptocurrency stockpile for altcoins and Bitcoin. However, Trump’s
executive order clarified that the US government will not procure
new cryptos for its stockpile; instead, it plans to hold all
digital assets confiscated by the government as part of its
regulation. We want “as much as we can get.” – @BoHines on
Bitcoinpic.twitter.com/Sy86En8N1Q — Michael Saylor⚡️ (@saylor)
March 18, 2025 From An Election Promise To Reality: Trump’s SBR
Bitcoin, or a crypto stockpile, has been a hot topic in Washington
and other crypto circles. During the elections, then-candidate
Donald Trump teased the voters with his support for BTC and the
blockchain and his plans to push for a crypto stockpile. At the
Digital Summit in New York, Hines shared that the passage of the
Strategic Bitcoin Reserve reflects the president’s commitment to
his campaign promise. In his election cycle, the plans for a crypto
reserve faced stiff challenges, specifically from the Securities
and Exchange Commission (SEC) and its (former) chair, Gary Gensler.
Trump positioned himself as pro-crypto and even promised to fire
Gensler if he’s elected. Now that Gensler is out of the picture,
Trump is more aggressive in promoting his crypto plans. Planned SBR
Highlights Crypto’s Uniqueness In the same speech, Hines explained
that the planned Strategic Reserve respects and promotes the
digital asset’s unique features. For a start, Hines argued that the
SBR is solely for Bitcoin and not for other altcoins like Cardano
and Ripple’s XRP. Also, Hines shared how the department sees
Bitcoin. According to the executive director, they see Bitcoin as a
commodity, not a security. He said that Bitcoin has an “intrinsic
store of value”. Hines also said that in Trump’s executive order,
Bitcoin is compared to digital gold. Hines Calls On US Government
To Invest More In BTC Hines highlighted many of Bitcoin’s unique
features and claimed that the US government must hold and continue
investing in Bitcoin. The current administration’s policies on
Bitcoin and crypto assets starkly contrast with the Biden
presidency, which exited its Bitcoin holdings and lost $17 billion.
Related Reading: XRP Turnaround Moment? Analyst Says It’s Lift-Off
Time Hines shared that the government’s aim is to start building
its Bitcoin holdings instead of liquidating them. He then revealed
plans to work with the Secretary of Commerce and the Treasury to
define budget-neutral approaches to buying more Bitcoins. Featured
image from Coinpaper, chart from TradingView
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