On June 5, Bo Hines, Executive Director for Digital Assets under former President Donald Trump, met with El Salvador’s President Nayib Bukele in Washington, D.C. The meeting focused on strengthening Bitcoin cooperation and leveraging digital assets in international economic frameworks.
Renewal of US-El Salvador Crypto Foundation
Hines, appointed as Trump’s top crypto strategist in early 2025, praised El Salvador’s pioneering Bitcoin policies. He reaffirmed America’s interest in strategic coordination with Bitcoin-aligned nations. "El Salvador has paved the way for sovereign Bitcoin adoption," Hines stated in an internal memo. "We’re now exploring how the U.S. can collaborate with like-minded nations to redefine the future of money."
Trump’s Crypto Strategy in Motion
While Trump is not currently in office, his campaign’s aggressive crypto positioning is gaining traction. Just last month, he announced plans to support U.S.-based Bitcoin mining and oppose CBDCs, which he called a threat to financial privacy. Hines conveyed that the U.S. aims to accumulate Bitcoin as a sovereign reserve asset, mirroring El Salvador’s strategy. This could lay the groundwork for a formal Bitcoin alliance between the two countries.
International Response and Market Reaction
The crypto market reacted with a muted but optimistic tone. Bitcoin was trading at $104,999.59 at the time of the meeting, reflecting a 0.70% daily dip. Analysts suggest that news of sovereign-level collaboration could provide bullish sentiment in the mid-term. "This is more than a photo op," said Meltem Aydemir, a macro strategist at CryptoSlate. "It’s the clearest sign yet that nation-state Bitcoin reserves are not just a Salvadoran experiment, they may be a global trend."
The meeting between Bo Hines and Nayib Bukele emphasizes the growing international attention to Bitcoin and the potential partnerships among nations, which could impact global financial systems and policies.
