White House Declares Bitcoin "Digital Gold," Plans Major Accumulation
White House Embraces Bitcoin: "Digital Gold" Accumulation Strategy Unveiled
In a landmark shift, a White House official has declared Bitcoin as "digital gold" and expressed the United States' intent to accumulate as much of the cryptocurrency as possible. This strategic move signals a significant endorsement of Bitcoin's role in the nation's financial future, with plans for a budget-neutral acquisition strategy already underway.
Key Takeaways
- Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, has consistently referred to Bitcoin as "digital gold."
- The White House is actively pursuing a strategy to accumulate Bitcoin, viewing it as being in the United States' best interest.
- This accumulation will be budget-neutral, ensuring no additional cost to taxpayers.
- The US has officially greenlit a Bitcoin strategic reserve, marking a groundbreaking development.
- There are no plans to sell any Bitcoin acquired by the US government; the focus is solely on accumulation.
A New Era for US Digital Asset Strategy
Bo Hines, a prominent figure in the White House's digital asset initiatives, has been a vocal proponent of Bitcoin, consistently labeling it "digital gold." Speaking to the US Senate Banking Committee, Hines emphasized the administration's keen interest in accumulating Bitcoin, stating it's in the nation's best interest to acquire "as much as we can possibly get."
This strategic shift was further highlighted at the 2025 Bitcoin Conference, where Hines discussed the nation's inaugural Bitcoin Reserve. He reiterated the "intrinsic value" of Bitcoin and firmly stated, "We’re not going to sell any Bitcoin that we possibly have in the US government, period. We want as much as we can possibly get."
Budget-Neutral Accumulation
Addressing concerns about the financial implications, Hines assured that the accumulation strategy would be "budget-neutral." He clarified, "Obviously this has to be done in budget-neutral ways that don’t cost the taxpayer a dime, the President was clear about that in his executive order." This commitment underscores a creative approach to integrating Bitcoin into the national financial framework without burdening the public.
Greenlighting Bitcoin Adoption
The United States has officially approved a Bitcoin strategic reserve, a move that represents a significant milestone in the country's embrace of cryptocurrency. This decision, coupled with the White House's stated intent to accumulate Bitcoin, signals a long-term commitment to the asset class. The ongoing discussions and plans suggest a strategic, long-term buying approach, aiming to bolster the nation's financial diversification and potentially benefit the value of Bitcoin itself through sustained US purchases.
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