U.S. Plans National Bitcoin Reserve, Aims for Global Crypto Leadership

The United States is accelerating its efforts to become a global leader in Bitcoin, with the White House crypto advisor, Bo Hines, revealing plans to establish a national Bitcoin reserve. This initiative is part of a broader strategy to ensure the U.S. remains at the forefront of the global crypto accumulation race. Hines emphasized that Bitcoin's scarcity makes it a crucial asset for America's future financial strength, comparing the current situation to a modern-day space race where countries are quietly amassing Bitcoin as a long-term investment.

The plan involves collaborating with the U.S. Treasury to audit existing Bitcoin holdings and develop budget-neutral strategies to acquire more. Hines highlighted the importance of acting swiftly and employing smart methods that can be scaled over time. This effort is supported by top tech leaders, including Crypto Czar David Sacks, who believe that the U.S. can lead in Bitcoin usage, mining, and regulatory clarity.

These initiatives align with Donald Trump's vision to make the United States the "crypto capital of the world." Trump aims to position the U.S. as the first country to be recognized as the "Bitcoin superpower of the world," referring to Bitcoin as "digital gold" due to its rarity and potential for long-term value appreciation. During Trump's first 100 days back in office, significant steps were taken, including an executive order that ended "Operation Chokepoint 2.0," which was seen as unfairly targeting crypto companies. Additionally, the SEC dropped several major lawsuits, and U.S. banking regulators began to ease restrictions on crypto firms.

Matthew Pines, Executive Director at the Bitcoin Policy Institute, noted that the United States likely owns around 35% to 40% of all the Bitcoin that has ever been mined, compared to holding only about 8% to 10% of the world’s above-ground gold. This underscores the U.S.'s strong position in the Bitcoin space and the strategic importance of building a national Bitcoin reserve.