Donald Trump's Crypto Currencies Responsible Advisor Spoke, Answered the Question of How Much Bitcoin They Will Buy!

Bo Hines, Director of Digital Assets at President Donald Trump's administration, revealed that the administration is exploring ways to acquire Bitcoin independently of the budget and highlighted the strategic importance of BTC as a commodity for the U.S.

Speaking about the administration's approach to digital assets, Hines stated that President Trump adhered to policies that promote Bitcoin and other innovations in the sector. The administration highlighted efforts to establish the Strategic Bitcoin Reserve (SBR), aiming to position the US as a leader in the digital asset space.

Hines said, "We have fulfilled the promises the President made during the campaign process," and added, "The President was determined to create SBR in a way that respects the uniqueness of Bitcoin and promotes innovation in the digital asset industry."

Hines also pointed out that the management sees Bitcoin as a commodity rather than a security, referring to BTC's unique stored value and decentralized structure:

As you can see in the administrative order, we compared Bitcoin to digital gold. It is mandatory for the United States to acquire, hold, and continue to create Bitcoin reserves.

One of the most important conclusions to be drawn from Hines' statements was the management's focus on acquiring Bitcoin without burdening taxpayers. 'We talked about ways to acquire more Bitcoin through independent means that will not cost taxpayers a penny,' he said, adding, 'It's high time for our President to start accumulating assets instead of taking them away from the American people.'

Hines also expressed his intention to collaborate with the Treasury Secretary and Commerce Secretary to identify efficient ways to increase the management's Bitcoin assets. Comparing Bitcoin accumulation to a country's gold reserves, Hines said, 'How much do we want? It's like asking a country how much gold they want. Answer: as much as we can get.'