Bo Hines, digital asset advisor to US President Donald Trump, has reiterated the government’s commitment to developing strategic Bitcoin reserves and confirmed that the plan will be implemented in the near future.
Hines noted that the US has officially established digital asset sanctuaries and that Bitcoin is considered a “unique asset class.” The government’s goal is to “hold as much Bitcoin as possible.”
Trump officially established a strategic Bitcoin reserve and national digital asset stockpile in an executive order signed in March. However, the initiative received only a brief mention in the White House Cryptocurrency Policy Report released this week.
Speaking about American cryptography, Hines said, “We believe in accumulation strategies. Reserves have been established. We also have a strategic national digital asset stockpile. Bitcoin is in its own class and everyone recognizes it.”
Hines emphasized that establishing infrastructure requires time and effort, but the process is moving forward well. “There’s still a lot to do, but I think people will like the direction we’re heading. Specific steps will be taken soon.”
The report cited establishing a regulatory framework to strengthen American leadership in digital financial technology as a top priority, but did not provide details on the Bitcoin reserve. However, Hines said the reserve plan is “steady progress.”
Refusing to answer questions about how much Bitcoin holds, Hines said, “We can’t disclose that now. There are a number of reasons, but when the time comes, we can share them. We want to own as many BTC as possible.
According to blockchain analytics firm Nansen, the US government is estimated to hold approximately 198,000 BTC, or approximately $2.35 billion worth of assets.
*This is not investment advice.
