{"id":24568,"date":"2025-04-30T17:31:59","date_gmt":"2025-04-30T17:31:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24568"},"modified":"2025-04-30T17:31:59","modified_gmt":"2025-04-30T17:31:59","slug":"trumps-crypto-advisor-says-theres-a-space-race-to-build-a-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24568","title":{"rendered":"Trump\u2019s Crypto Advisor Says There\u2019s A \u2018Space Race\u2019 to Build a Bitcoin Reserve"},"content":{"rendered":"
\n

Bo Hines, executive director of the President\u2019s Council of Advisers on Digital Assets, has said that the country is in a global \u201cspace race\u201d to build a U.S. Bitcoin reserve.<\/p>\n

Hines also confirmed that the government is moving swiftly to establish a Strategic Bitcoin stockpile.<\/p>\n

Bitcoin Stockpile Plans<\/h2>\n

In a recent interview<\/a> with Bitcoin Magazine, the White House crypto advisor stated that countries around the world are quietly working to collect Bitcoin as a long-term asset, emphasizing that America aims to take the lead.<\/p>\n

According to him, the administration is collaborating with the Treasury Department to audit current Bitcoin holdings and design \u201cbudget-neutral\u201d acquisition methods. He also clarified that no single policy approach is being pursued. Instead, multiple strategies are being explored to determine the most practical and efficient path forward.<\/p>\n

Hines expressed confidence in the U.S. Treasury Department and the Chamber of Commerce to develop \u201cextremely creative\u201d ways to accumulate the flagship cryptocurrency. The initial objective is to begin the process quickly, prioritizing speed and scalability, with additional steps to be introduced in phases.<\/p>\n

The crypto advisor has previously cited<\/a> tariffs implemented by the president as a potential means for building federal Bitcoin reserves.<\/p>\n

When asked about how much Bitcoin the U.S. wants to acquire, Hines referred to it as \u201ca silly question,\u201d implying that the government has plans to hold more of the digital asset.<\/p>\n

Milestones and Bitcoin\u2019s Value<\/h2>\n

Reflecting on the first days of his administration, the 29-year-old highlighted early actions taken under President Trump, including an executive order signed during his first week in office. The directive created an interagency working group, officially ended what is widely known as \u201cOperation Chokepoint 2.0,\u201d and led to major regulatory reversals.<\/p>\n

This included the Securities and Exchange Commission (SEC) dropping key lawsuits and banking regulators easing<\/a> restrictions on crypto firms. The Trump administration also hosted the first-ever White House Crypto Summit.<\/p>\n

Hines stated that the U.S. is positioning itself to become \u201cthe crypto capital of the world,\u201d aligning with the president\u2019s broader vision to make America the most attractive destination for innovation in digital assets.<\/p>\n

The former Republican nominee was appointed in January 2025 to the newly formed crypto advisory group and serves alongside crypto czar David Sacks. Although he acknowledged the existence of other digital ecosystems, Hines emphasized that the main focus is on Bitcoin due to its uniqueness.<\/p>\n

He also referred to the cryptocurrency as \u201cdigital gold,\u201d describing it as a commodity, not a security. Trump\u2019s advisor referenced its origins and the concept of \u201cImmaculate Conception,\u201d a term previously used by David Sacks to show its intrinsic value.<\/p>\n

The post Trump\u2019s Crypto Advisor Says There\u2019s A \u2018Space Race\u2019 to Build a Bitcoin Reserve<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bo Hines, executive director of the President\u2019s Council of Advisers on Digital Assets, has said that the country is in a global \u201cspace race\u201d to build a U.S. Bitcoin reserve. Hines also confirmed that the government is moving swiftly to establish a Strategic Bitcoin stockpile. Bitcoin Stockpile Plans In a recent interview with Bitcoin Magazine, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24568","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24568"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24568\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}