Trump's Advisor Outlines Strategies to Boost US Bitcoin Reserves by 10%

Coin WorldFriday, Apr 18, 2025 4:03 pm ET
1min read

President Trump’s crypto advisor, Bo Hines, has outlined several strategies to enhance the United States’ Bitcoin reserves. This initiative comes as part of a broader effort to fulfill President Trump’s campaign promises regarding the cryptocurrency market. The Presidential Crypto Advisory Committee, led by Hines, is actively exploring various methods to increase the country’s Bitcoin holdings.

In a recent interview, Hines discussed the creative approaches being considered by Trump’s advisory team. These include leveraging tariffs and revaluing gold certificates to generate additional revenue for Bitcoin purchases. The administration is exploring ways to increase tariff revenue and add it to its reserves. Recently, the President announced sweeping, country-based tariffs, although some special tariffs were reversed due to market reactions, the White House maintained a 10% increase across the board.

Additionally, the administration plans to revalue the country’s gold certificates. By valuing gold at the market price of $3,200 per ounce instead of $43 per ounce, the government aims to create a paper surplus. This surplus could be used to fund new asset purchases without requiring Congressional appropriations. Hines emphasized that the administration is committed to exploring all possible avenues to acquire more Bitcoin, stating that "everything is on the table."

Hines also highlighted the importance of maintaining global leadership in the cryptocurrency space. He noted that the United States needs to buy more Bitcoin to stay ahead of other nations. This aligns with President Trump’s plan to make the country the global capital for Bitcoin and Artificial Intelligence (AI). The Trump administration has already taken several steps, including establishing a crypto task force to attract investors and appointing pro-crypto experts to key positions. Currently, the US government holds 192,012 BTC.

The administration’s efforts to bolster Bitcoin reserves are part of a broader strategy to integrate Bitcoin into the national financial system. This move could potentially stabilize its value and enhance its status as a safe-haven asset. The regulatory environment under Trump has also seen significant loosening, which has benefited cryptocurrency companies. The administration is pushing to loosen restrictions on cryptocurrency companies, including eliminating registration, compliance, and accountability regulations.

In summary, President Trump’s crypto advisor has revealed several strategies to bolster the United States’ Bitcoin reserves. These include leveraging tariffs, revaluing gold certificates, and promoting cryptocurrency-friendly policies. The administration’s efforts aim to maintain global leadership in the cryptocurrency space and integrate Bitcoin into the national financial system. However, these moves have also raised concerns about conflicts of interest, market manipulation, and the potential for systemic risks in the cryptocurrency market.

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