A White House official has confirmed that the Trump administration is committed to accumulating as much Bitcoin as possible, reinforcing its strategic Bitcoin reserve initiative. Speaking at a closed-door roundtable hosted by the Bitcoin Policy Institute, Bo Hines, executive director of the Presidential Working Group on Digital Assets, emphasized that the government’s BTC acquisitions would be budget-neutral, ensuring no direct taxpayer cost.

Key Takeaways from the Bitcoin Roundtable

• The White House sees Bitcoin as a key asset for America’s financial future.
• Bo Hines likened BTC acquisitions to accumulating dollars, signaling no upper limit on Bitcoin holdings.
• Bitcoin industry leaders and U.S. lawmakers attended, including:
  • Michael Saylor (Strategy Co-Founder)
  • Fred Thiel (MARA Holdings CEO)
  • Nathan McCauley (Anchorage Digital CEO)
  • David Bailey (Bitcoin Magazine CEO)
  • Senators Cynthia Lummis (R-WY), Bill Hagerty (R-TN), and Bernie Moreno (R-OH)

The U.S. Bitcoin Act: Formalizing the Strategic Bitcoin Reserve

• Senator Cynthia Lummis reintroduced the Bitcoin Act, which would:
  • Require the U.S. government to purchase up to 1 million BTC (~$80 billion).
  • Legally establish the Strategic Bitcoin Reserve as a permanent financial asset.
  • Use revenues from gold certificate revaluation to fund BTC purchases.
• The White House supports legislation establishing the Bitcoin Reserve, but has not formally endorsed a specific bill.

How Much Bitcoin Does the U.S. Government Already Hold?

• The U.S. currently holds nearly 200,000 BTC, primarily acquired through civil and criminal forfeitures.
• Senior White House officials are pushing for additional BTC purchases, as long as they remain budget-neutral.

Will the U.S. Bitcoin Accumulation Drive BTC Prices Higher?

• Bitcoin surged 5.27% following reports of the White House’s BTC strategy, trading at $83,548.
• Institutional investors are closely watching the government’s moves, as state-level BTC accumulation could accelerate mainstream adoption.
• The March 7 White House Crypto Summit is expected to clarify further details on the Bitcoin Reserve.

With Bitcoin becoming a key focus of U.S. financial strategy, its potential role as a sovereign reserve asset could reshape global economic dynamics.

Hidden Insight

If the U.S. begins accumulating Bitcoin at scale, other nations may follow suit, triggering a global race for BTC reserves. This could cement Bitcoin’s role as a sovereign financial asset, reshaping the international monetary system and challenging traditional fiat reserves.