Trump's White House Advisor, Bo Hines, Reveals the US Government Is Running a Global Race to Accumulate Bitcoin (BTC)

Trump’s White House advisor, Bo Hines, has revealed a running global race for Bitcoin (BTC) accumulation, highlighting the US government’s commitment to emerging as the winner in this competition.

These remarks come just two weeks after he revealed how the country would be funding a Bitcoin reserve.

US Is Quickly Setting Up Bitcoin Reserve Plans – Bo Hines

Hines made these remarks in a recent interview, explaining how the US aims to capitalize on Bitcoin’s scarcity and decentralized origins, which he believes will contribute to the cryptocurrency’s longevity.

Due to this, he and the government see a need for quick action, especially as other nations might try to outmaneuver the US in setting up their own reserves.

“I think there is a sort of space race as it pertains to the accumulation of this asset,” said Bo Hines, adding:

We are certainly going to be focused on making sure that the US is at the forefront of this technology.

Bo Hines also noted the US’s commitment to becoming “the Bitcoin superpower of the world,” aligning with President Trump’s vision for digital assets.

Describing Bitcoin as “digital gold,” the US Digital Assets Advisory Council leader said the administration is expediting plans for a Strategic Bitcoin Reserve.

Trump’s administration will be working with the US Treasury Department, headed by Scott Bessent, to audit existing Bitcoin holdings as part of these plans. Afterward, they will determine methods for Bitcoin acquisition that are “budget-neutral.”

These methods will involve multiple strategies to ensure the most practical and efficient approach, according to Bo Hines.

“The goal is to begin the accumulation process as quickly as possible, with initial steps prioritized for speed and scalability,” he said.

Earlier this month, Bo Hines revealed that the Trump administration was considering using tariff revenues to fund a national Bitcoin reserve. As BeInCrypto reported, he also noted the need for the US to act swiftly amid global competition for Bitcoin accumulation.

“SBR [Strategic Bitcoin Reserve] recognizes the value of what Bitcoin is and how it can be used for the American people. There is a limited amount of Bitcoin and I think there will be a race to accumulate it,” said Hines.

Trump’s 100 Days In Office

Meanwhile, Bo’s remarks come as the US observes President Trump’s 100 days in office.

Hines noted that their early actions, including a sweeping executive order signed in the first week, set the stage for a new digital asset agenda.

Along with this order, Trump established an interagency working group and terminated Operation Choke Point 2.0. He also commissioned regulatory reversals, including pulling back key lawsuits and banking legislations, making the path smoother for crypto firms.

Before August, he will also unveil the White House’s plans for stablecoin and market structure legislation for the President’s approval. An upcoming report will detail the implementation of these structures.

Ahead of all these plans, the Senate will vote on the GEnIUS Act, which, if passed, could bring better stablecoin regulatory frameworks to the US.

Despite this, the price of BTC has risen only slightly in the past 24 hours, increasing by 0.76% and now trading at $95,039.