Trump’s White House advisor, Bo Hines, revealed a running global race for Bitcoin (BTC) accumulation, articulating the US government’s determination to win.
These remarks come barely two weeks after he revealed how the country would fund a Bitcoin reserve.
US Accelerates Bitcoin Reserve Plans, Bo Hines Reveals
Hines made these remarks in a recent interview, detailing how the US aims to capitalize on the scarcity of Bitcoin. Further, he believes Bitcoin’s decentralized origins and growing adoption give it longevity.
Based on these, Bo Hines and the US government appreciate the need for quick action so that other nations do not front-run it.
“I think there is a sort of space race as it pertains to the accumulation of this asset,” Hines stated.
Bo Hines also explained the US’s commitment to becoming “the Bitcoin superpower of the world,” aligning with President Trump’s vision for digital assets.
Referring to Bitcoin as the “digital gold,” the US Digital Assets Advisory Council leader said the government is expediting its plans for a Strategic Bitcoin Reserve. Trump’s administration is working with the US Treasury Department, led by Scott Bessent, to audit existing Bitcoin holdings as part of these plans.
Reportedly, once the audit is complete, they will develop Bitcoin acquisition methods that are “budget-neutral.”
Bo Hines also articulated that these methods would constitute multiple strategies, ensuring the most practical and efficient approach.
“The goal is to begin the accumulation process as quickly as possible, with initial steps prioritized for speed and scalability,” he added.
In hindsight, Bo Hines recently revealed that the Trump administration was considering using tariff revenues to fund a national Bitcoin reserve. As BeInCrypto reported, he also cited the need for the US to act swiftly amid global competition for Bitcoin accumulation.
“SBR [Strategic Bitcoin Reserve] recognizes the value of what Bitcoin is and how it can be harnessed for the American people. There is a finite number of Bitcoin and I think there will end up being a race to accumulate,” Hines stated.
Trump’s 100 Days In Office
Meanwhile, Bo Hines’s remarks came as the US observed President Trump’s 100 days in office. Hines indicated that their early actions, including a sweeping executive order signed in the first week, set the tone for a new digital asset agenda.
Along with this order, Trump established an interagency working group while at the same time ending Operation Choke Point 2.0. It also commissioned regulatory reversals, including terminating key lawsuits and banking legislations, effectively making the runway easier for crypto firms.
Before August, he also revealed the White House’s plans for stablecoin and market structure legislation for the President’s approval. An imminent report will detail the implementation of these structures.
Ahead of all these plans, the Senate will vote on the Genius Act, which, if passed, could create a better stablecoin regulatory framework in the US.
Bitcoin price performance. Source: BeInCrypto
Meanwhile, despite Bo Hines’s assertions, Bitcoin price is up only by a modest 0.76% in the last 24 hours, trading for $95,039 as of this writing.
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