A representative from President Trump’s administration has confirmed that the government remains interested in establishing a strategic Bitcoin reserve, despite its omission from a recent crypto policy report.
Status of the strategic Bitcoin reserve
Robert 'Bo' Hines, executive director of the US President’s Council of Advisers on Digital Assets, stated in an interview on Crypto in America: 'We believe in accumulation.' He added that Bitcoin reserves already exist and constitute part of the national digital assets stockpile.
Recommendations from the Digital Assets Working Group
Recently, the President’s Working Group on Digital Asset Markets presented recommendations to strengthen American leadership in digital financial technology. The strategic Bitcoin reserve was not mentioned. Hines noted that the priority is to create a clear and robust regulatory framework.
Amount of Bitcoin held by the US government
Hines was unable to disclose the exact amount of Bitcoin held by the federal government, stating that this is a topic that cannot be discussed at this time. However, he mentioned, 'We want as much Bitcoin as we can possibly get.' It is estimated that the US government holds around 198,000 BTC, worth approximately $2.35 billion.
The confirmation of the Trump administration's interest in a strategic Bitcoin reserve indicates ongoing efforts to develop digital assets in the country.
