{"id":52933,"date":"2025-03-19T13:04:28","date_gmt":"2025-03-19T13:04:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=52933"},"modified":"2025-03-19T13:04:28","modified_gmt":"2025-03-19T13:04:28","slug":"trumps-crypto-executive-director-says-government-is-looking-for-as-much-bitcoin-as-it-can-get","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=52933","title":{"rendered":"Trump\u2019s Crypto Executive Director Says Government Is Looking For As Much Bitcoin As It Can Get"},"content":{"rendered":"

While speaking at the Digital Assets Summit in New York on 18 March 2025, Bo Hines, US President Donald Trump\u2019s Executive Director on Digital Assets likened Bitcoin to Gold.\u00a0<\/span><\/p>\n

Hines announced that the administration intends to acquire \u201cas much Bitcoin as we can get.\u201d<\/span><\/p>\n

\u201cWe look at Bitcoin\u2014it\u2019s not a security; it\u2019s a commodity,\u201d he said. \u201cIt has intrinsic store of value, it\u2019s traditionally accepted. It has the immaculate conception as there is no issuer. That\u2019s why in the executive order, we compared it to digital gold.\u201d <\/span><\/p>\n

President Trump’s Executive Director for Digital Assets @BoHines<\/a> weighs in about building the crypto capital of the world during @blockworksDAS<\/a>. <\/p>\n

“We want as much (Bitcoin) as we can get.” pic.twitter.com\/ykRRbpj3eU<\/a><\/p>\n

\u2014 Torram.xyz (@Torram_xyz) March 18, 2025<\/a><\/p>\n\n

Strategy Founder and Chairman Michael Saylor has shown support<\/a> for Hines\u2019 comments on acquiring more Bitcoin on X. Interestingly, Saylor\u00a0<\/strong>announced a $500m stock sale to buy more Bitcoin today, 19 March 2025.<\/p>\n

Explore: 20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n

Trump Kept His Promise On Crypto Reserve: Hines<\/h2>\n

Hines insisted that Trump fulfilled his cryptocurrency-related campaign pledges timely. <\/span>On 6 March 2025 Trump signed an executive order establishing a crypto reserve that includes Bitcoin, Ethereum, Ripple, Solana and Cardano. According to Hines, t<\/span>he executive order represents a direct fulfilment of Trump\u2019s campaign promises to the Bitcoin community. During his campaign, Trump had also pledged to fire then-SEC Chair Gary Gensler. Both promises to the crypto community have now been realized.\u00a0<\/span><\/p>\n

Hines also said that US has to continue to build on the Bitcoin reserve. Talking about the importance of US accumulating assets, he said, \u201cWe are looking forward to working with our partners at Treasury and the Secretary of Commerce in order to define those budget-neutral ways in which we can acquire more.\u201d Did Hines indicate active collaboration between government departments to develop acquisition strategies?<\/span><\/p>\n

Currently, the US has 198,109 BTC and the UK has 61,245 BTC. Interestingly, post a recent state sponsored crypto heist, the North Korean government currently owns a whopping 13,562 Bitcoins.<\/p>\n

America will be the Bitcoin superpower of the world.<\/p>\n

The Golden Age of America has BEGUN! pic.twitter.com\/HUQsNYfUiP<\/a><\/p>\n

\u2014 The White House (@WhiteHouse) March 8, 2025<\/a><\/p>\n\n

Explore: Best Meme Coin ICOs to Invest in March 2025<\/a><\/strong><\/p>\n

\u201cBudget-Neutral\u201d Means To Purchase Bitcoin<\/strong><\/h2>\n

According to Trump\u2019s executive order, the government will not actively purchase additional tokens for its general crypto stockpile. Instead, this reserve will consist solely of assets already in government possession through confiscations and forfeitures. <\/span><\/p>\n

While the executive order specifies that the government will only use \u201cbudget-neutral\u201d means to purchase Bitcoin for the strategic Bitcoin reserve, Hines clarified that this doesn\u2019t indicate a lack of commitment to building substantial reserves. <\/span><\/p>\n

In fact, he emphasized that the primary objective is to reverse the previous administration\u2019s approach of liquidating Bitcoin holdings\u2014a strategy that reportedly resulted in over $17 billion in losses.<\/span><\/p>\n

When questioned about the target size for the government\u2019s Bitcoin holdings, Hines offered a straightforward response that reveals the administration\u2019s ambitious vision. He compared the question to asking a country how much gold it would like to possess.\u00a0<\/span><\/p>\n

Explore: Best Meme Coin ICOs to Invest in March 2025<\/a><\/strong><\/p>\n

<\/span><\/p>\n

\n

Key Takeaways<\/h3>\n


\n <\/span><\/p>\n


\n <\/span>The US government\u2019s pivot from liquidating Bitcoin holdings to actively accumulating them marks a critical shift.\u00a0<\/span><\/p>\n


\n <\/span><\/p>\n


\n <\/span> Currently, the US has 198,109 BTC and the UK has 61,245 BTC. Interestingly, post a recent state sponsored crypto heist, the North Korean government currently owns a whopping 13,562 Bitcoins.<\/span><\/p>\n


\n <\/span><\/p>\n


\n <\/span><\/p>\n

<\/span><\/p>\n<\/div>\n

<\/p>\n

The post Trump\u2019s Crypto Executive Director Says Government Is Looking For As Much Bitcoin As It Can Get<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

While speaking at the Digital Assets Summit in New York on 18 March 2025, Bo Hines, US President Donald Trump\u2019s Executive Director on Digital Assets likened Bitcoin to Gold.\u00a0 Hines announced that the administration intends to acquire \u201cas much Bitcoin as we can get.\u201d \u201cWe look at Bitcoin\u2014it\u2019s not a security; it\u2019s a commodity,\u201d he […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52933","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52933"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52933"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52933\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}