In early March, US President Donald Trump signed an executive order creating a national Bitcoin reserve for the country and a stockpile of digital assets. The first consists of Bitcoin already seized and can be increased through coin purchases.
The second includes altcoins that were also seized earlier, but there are no plans to acquire them. Now White House digital assets advisor Bo Hynes has shared details on how the government plans to acquire additional bitcoins.
Will the US buy Bitcoins
U.S. government officials have repeatedly noted that additional bitcoin purchases will be made using budget-neutral strategies. This means that no funds will be allocated for cryptocurrencies from the budget, which is filled with taxpayer contributions.
In this way, the government probably wants to insure its own reputation in case of a bearish trend in the coin niche. This would create a reason to criticize the corresponding decision.
In general, the authorities do not want to limit the options for allocating capital for bitcoin purchases. That's what Bo Hynes told Professional Capital Management fund manager Anthony Pompliano in an interview.
We're looking at a lot of creative ways - whether it's tariffs or something else. In fact, there are countless options on how this can be implemented.
Hines also recalled the prospect of revaluation of gold certificates, which are now valued at $43 per ounce. At the same time, the market price of gold already exceeds the $3,200 mark.
Such a move would create a surplus of funds on paper that could be used to purchase bitcoins without actually selling gold. The Trump administration spokesperson continues.
All options are being considered, and as has been said, we want to maximize, so we will make sure we don't miss any opportunities.
As of today, the price of confiscated cryptocurrencies at the disposal of the U.S. government is estimated at $17.32 billion. Bitcoins account for the majority of this $16.94 billion: 198,012 coins.
Although earlier representatives of the authorities noted that the stockpile of US digital assets needs to be audited. Accordingly, the total amount of coins may differ in one direction or another.
During the conversation, Hynes also noted that the White House is already working on a structure for the digital asset sphere to ensure it is properly regulated, as well as signaling the government's support for cryptocurrency innovation and the need to promote stablecoins.
This will clarify many aspects in this field, from tokenization to steaking and much more.
Bo Hines confirmed that the current authorities in the US are making efforts to turn the country into the cryptocurrency capital of the world. Such a promise was voiced by Donald Trump during the election race in 2024.
We're moving at a technological speed like we're a startup in this building. We will continue to move things forward quickly.
The wait for the relevant document on the structure of the cryptocurrency industry is presumably not long. Yesterday, U.S. Senator Tim Scott said that a bill on the structure of the cryptocurrency market in the United States could be adopted by August 2025.
Some representatives of the cryptocurrency community were dissatisfied with the interview. They noted that in essence, Bo Hines did not say anything new, and the host Anthony Popliano avoided tough questions.
In particular, he did not mention Donald and Melania Trump's meme tokens, which have been bad for the digital asset market and may be at the center of a conflict of interest. Hines was also not asked about the actual amount of cryptocurrencies in the U.S. stockpile, as well as the Trump family's relationship with former Binance cryptocurrency exchange chief Changpeng Zhao and Tron blockchain project creator Justin San.
The latter has become a hot topic within the crypto community following San's investment in a Trump family project called World Liberty Financial. He is believed to have invested 75 million dollars in the project's tokens.
Which countries want to buy Bitcoin
The US is not the only country with a cryptocurrency reserve. Sweden may also join the list, with lawmakers pushing for bitcoin purchases for the state's reserves.
According to Decrypt, Democrat Dennis Dioukarev sent a formal request to Finance Minister Elisabeth Svantesson on Monday proposing a national cryptocurrency hoarding strategy using previously confiscated bitcoins.
This is a trend that can be seen in many countries. Are the minister and the government considering such a possibility?
In this way, Diukarev referred to the efforts of the United States, whose authorities have already decided to stop getting rid of previously confiscated cryptocurrencies.
A week ago, MP Rikard Nordin urged the already mentioned minister to reconsider Sweden's conservative approach to its own reserves amid the growing importance of Bitcoin around the world.
At the time, he stated the following.
Several international players see Bitcoin as a store of value and a hedge against inflation. It also serves as an important tool for freedom fighters, allowing payments under pressure from authoritarian regimes.
The prospects for the realization of this idea are unknown. However, such calls definitely make the purchase of cryptocurrencies by governments of different countries closer.
The White House spokesperson's statement about the "endless possibilities" for Bitcoin's accumulation confirms the seriousness of the US' intentions in developing the cryptocurrency. Though the details are still vague, the rhetoric itself reinforces BTC's position as a strategic asset. Against the backdrop of similar initiatives by other countries, it could launch a global competition in accumulating digital assets.
