Trump team explores new ways to buy Bitcoin
The administration aims to accumulate Bitcoin like gold and plans to hold it long-term as a strategic asset.
The Trump administration actively evaluates ways to acquire Bitcoin without increasing the national budget.
According to Bo Hines, Trump’s leading crypto adviser, options such as tariffs and inter-agency financial strategies are being considered. The aim is to build a significant reserve without burdening taxpayers.
Hines confirmed that the administration wants to accumulate as much Bitcoin as possible, comparing it to gold in terms of strategic value. He emphasised that any holdings would be kept long-term.
Much of the administration’s vision aligns with Senator Cynthia Lummis’ proposed BITCOIN Act of 2025. The Act advocates using revalued gold certificate profits to purchase up to 1 million Bitcoin over five years.
Hines also stated that even swapping gold for Bitcoin is being reviewed, provided it does not affect the federal budget.
On a broader scale, Hines sees digital assets as the foundation for overhauling America’s ageing financial system. He criticised today’s banking inefficiencies and said blockchain offers a faster, more transparent, and practical alternative for daily payments.
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