The Trump administration continues to emphasize its commitment to building a strategic Bitcoin reserve, despite limited mention in the latest digital asset report.
Strategic Bitcoin Reserve
Robert 'Bo' Hines, Executive Director of the U.S. President’s Council of Advisers on Digital Assets, reaffirmed the overall strategy during an appearance. He stated, 'We do believe in accumulation,' noting that the reserve is already established. Hines added that the U.S. also maintains a broader 'strategic national digital assets stockpile.'
Approach to Digital Assets
According to Hines, the emphasis on Bitcoin over other digital assets is intentional. He mentioned that 'Bitcoin stands apart' and emphasized that the infrastructure needed for such accumulation takes time to develop. The administration sees the reserve as a critical aspect of financial strategy in a rapidly digitizing global economy.
Government's Accumulation Strategy
When pressed about current holdings, Hines declined to share figures, citing undisclosed reasons. However, independent estimates suggest that the U.S. government may hold around 198,000 BTC, valued at approximately $2.35 billion at current prices. Hines also reaffirmed the administration's positive stance towards Bitcoin and the community.
The Trump administration's confirmation reflects a strategic approach to the growing digital asset market and its intention to play an active role in this process.
