Bo Hines, executive director of the President's Council of Advisors on Digital Assets at the White House, said the Trump administration is exploring ways to accumulate Bitcoin for national reserves, including using revenue from tariffs. In a recent discussion, Hines said the administration is considering “creative” sources of funding to increase Bitcoin holdings, with tariffs being one potential avenue. “We’re looking at a lot of creative ways, whether it’s through tariffs or something else,” he said. “There’s literally countless ways you can do this.” Hines also touched on Senator Cynthia Lummis’ proposal for the Bitcoin Reserve Act of 2025, which includes a provision to revalue U.S. Treasury gold certificates, which are currently priced at around $43 per ounce compared to the current market price of over $3,000. Hines explained the idea that this accounting revaluation could unlock significant funds to purchase Bitcoin as a strategic reserve asset. Related News: Hackers at Work Again: They Targeted a Cryptocurrency Platform, Here's the Amount of Loss Hines made it clear that the Trump administration is committed to building significant Bitcoin reserves, though the details are still developing. When asked about a target amount, he responded bluntly: “I want them to be infinite. I want as much as we can accumulate. Anything that has an intrinsic store of value, you want as much as you can accumulate. Bitcoin is no different.” Hines also praised President Trump, calling him a “pro-Bitcoin and pro-crypto president” and noting that policy frameworks are already in place to fulfill his campaign promises. A newly established interagency crypto working group has been tasked with providing regulatory clarity on digital assets. *This is not investment advice. Continue Reading: Bo Hines, One of Trump’s Advisors, Said: “The U.S. Can Buy Bitcoin With Tariff Revenues”
