White House crypto head Bo Hines says the US is looking to buy as much Bitcoin as possible, calling the cryptocurrency “Digital Gold.” The WH official said it’s in the United States’ best interest to accumulate as much “as we can possibly get.”
Speaking with representatives from the US Senate Banking Committee, Hines says that the White House is keen on the idea of the accumulation of Bitcoin. Hines has referred to BTC as Digital Gold since being appointed Executive Director of the President’s Council of Advisers on Digital Assets of the White House. “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,” Hines said at the conference. “I think we have some very creative minds…and I think we’ll begin moving very quickly on that.”
US Greenlights Bitcoin, Crypto Adoption
The country has officially greenlit a BTC strategic reserve in what is a groundbreaking development for the country. Moreover, Hines discussed the process and was asked if the country would ever consider selling the leading crypto amid this newfound approach. His answer reinforced the notions committed to Bitcoin and the asset class at large.
Additionally, speaking at the 2025 Bitcoin Conference earlier this year, Bo Hines also discussed the nation’s inaugural Bitcoin Reserve. There, he also dubbed Bitcoin as “digital gold” while noting the “intrinsic value” present in the cryptocurrency. “We’re not going to sell any Bitcoin that we possibly have in the US government, period,” Hines said. “We want as much as we can possibly get,” he added. With the asset reaching an all-time high this year, it’s good news for the financial diversification of the US. However, it could also benefit the token itself, with US purchases poised to have the value continue to soar.”
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Furthermore, earlier today, a senior White House official said the US government has a Bitcoin (BTC) accumulation plan. The comments were made while speaking at the Bitcoin Policy Institute. An accumulation plan will likely take the shape of a strategic long-term buying plan.