Quickly understand the history and background of various well-known coins

Trump Administration Plans Strategic Bitcoin Reserve

Coin WorldTuesday, Apr 15, 2025 2:29 pm ET

1min read

In a significant development, the administration of President Donald Trump has outlined ambitious plans to establish a strategic Bitcoin reserve for the United States. This revelation came during an interview between Bitcoin advocate and investor Anthony Pompliano and Bo Hines, the Executive Director of President Trump’s Council of Advisers for Digital Assets. The interview, conducted at the White House, provided an in-depth look at the administration's strategy for accumulating Bitcoin without imposing additional financial burdens on taxpayers.

The discussion covered various policy priorities, including stablecoin regulation, interagency cooperation, tariffs, law enforcement, and legislative developments. A key focus was the administration's intention to aggressively acquire Bitcoin through budget-neutral methods. Hines emphasized that the goal is to acquire as much Bitcoin as possible without costing taxpayers a single dime. One of the proposed methods involves using revenue from tariffs to fund these Bitcoin purchases. This approach is particularly noteworthy given the recent global trade tensions and economic projections that suggest a 10% global tariff could significantly boost the economy.

Hines highlighted the administration's commitment to finding innovative solutions, stating that there are "many high IQ people" working on these ideas. He also addressed Senator Cynthia Lummis’ proposed BITCOIN Act of 2025, which advocates for the U.S. to acquire 200,000 BTC annually for five years, ultimately building a million-bitcoin reserve. Hines praised the senator's idea, suggesting that the U.S. could revalue gold certificates currently held by the Treasury to fund these Bitcoin purchases. He noted that most of these certificates are valued around $43 an ounce, while the current market value is approximately $3,100 an ounce. By leveraging this discrepancy, the administration could generate additional funding to buy more Bitcoin.

Hines reiterated that the administration is exploring numerous ways to achieve this goal, emphasizing that everything is on the table. The administration's proactive approach to accumulating Bitcoin reflects a broader strategy to position the U.S. as a leader in digital asset policy. Following the interview, Pompliano shared his top ten key takeaways on his X account, providing further insights into the administration's plans and the potential impact on the digital asset landscape.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.