The head of crypto policy at the White House, Bo Hines, announced the intent of the US to establish a national Bitcoin reserve. He emphasized the importance of Bitcoin as a digital asset.
Bitcoin as 'Digital Gold'
Bo Hines referred to Bitcoin as 'Digital Gold', comparing its significance to the historical value of gold for the country. He stated, 'We want as much as we can possibly get.'
Bitcoin Accumulation Plan
During discussions in the Senate, Hines elaborated on the government's plans for Bitcoin accumulation, noting that it is a long-term strategy involving gradual acquisition of the asset rather than a single purchase.
Establishment of Bitcoin Reserve in the US
The US has officially approved the creation of a national Bitcoin reserve. Hines indicated that the government does not plan to sell Bitcoin and is focused on accumulation to strengthen the economy.
The announced plans by the US to create a Bitcoin reserve highlight a commitment to innovation in the financial sector and may influence future cryptocurrency prices.
