The U.S. is exploring the possibility of accumulating bitcoin reserves amid economic changes and trade wars. White House advisor Bo Hines suggests using customs revenues to fund this initiative.
The U.S. Position in the Global Economy
The trade war between the U.S. and China is increasing the interest in gold as an international currency. Bitcoin, as 'digital gold', has also shown significant growth, increasing over 200% in the last two years. Bo Hines emphasizes the U.S. goal of accumulating bitcoins ahead of other countries.
Funding the Purchase of Bitcoins
Bo Hines proposes using customs revenue to finance bitcoin accumulations. In 2022, U.S. exports to China amounted to $143 billion, while the trade deficit reached $295 billion. Tariffs on Chinese goods are currently at a record level of 145%.
Long-term Plans for Accumulating Bitcoins
Strategy founder Michael Saylor suggests that the government should acquire up to 25% of the total bitcoin supply over the next decade. He noted that accumulations could significantly enhance the value of national assets.
The U.S. aims to continue developing its strategy for accumulating bitcoins, and the assessment of funding opportunities for these initiatives signifies potential shifts in the international financial system.
