Trump’s Crypto Advisor: Countries Are Competing in a ‘Space Race’ to Secure Bitcoin Reserves
Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, has issued a strong statement: nations worldwide are engaged in a “space race” to secure Bitcoin reserves, and the United States intends to lead.
In a recent interview with Bitcoin Magazine, Trump’s crypto advisor confirmed that the administration is moving swiftly to establish a Strategic Bitcoin Reserve, positioning the U.S. for long-term dominance in the digital asset landscape.
U.S. Strategic Bitcoin Reserve in the Works
According to Hines, the federal government is actively working with the Treasury Department to audit current Bitcoin holdings and develop “budget-neutral” acquisition strategies. Rather than relying on a single policy, the administration is evaluating multiple approaches to ensure practical and scalable accumulation of Bitcoin.
He emphasized that other countries are quietly stockpiling BTC, and that the U.S. must act fast to stay ahead. Hines expressed confidence in both the Treasury and the U.S. Chamber of Commerce to create “extremely creative” mechanisms for acquiring the digital asset.
“This is a global space race. And the U.S. needs to be first,” Hines asserted.
Tariffs imposed by President Trump have also been floated as one potential funding source for these reserves.
No Set Cap on Bitcoin Holdings
When asked how much Bitcoin the government plans to acquire, Hines dismissed the question as shortsighted. “It’s a silly question,” he said, hinting that the government’s ambitions are extensive and long-term.
His remarks follow several early pro-crypto moves by the Trump administration, including the signing of an executive order during the president’s first week in office. The order established a multi-agency task force, repealed restrictive policies from “Operation Chokepoint 2.0,” and led to a regulatory reset across the SEC and federal banking agencies.
A Vision to Make the U.S. the Crypto Capital
Hines noted that under Trump, the U.S. aims to become “the crypto capital of the world,” aligning with the broader vision to foster innovation and attract digital asset firms. As part of that initiative, the administration hosted the first-ever White House Crypto Summit.
While acknowledging the broader digital asset space, Hines made it clear that the administration’s primary focus is Bitcoin, which he described as “digital gold.” He stressed its unique properties and referenced its “Immaculate Conception,” a term used by fellow advisor David Sacks to highlight Bitcoin’s organic, decentralized origins.
