Bo Hines, the Executive Director of the Presidential Council of Advisers on Digital Assets, recently shared insights on the US government’s plans to expand its newly established Strategic Bitcoin Reserve (SBR) in a budget-neutral manner. In a recent appearance on Anthony Pompliano’s podcast, Hines discussed various strategies being considered to grow the reserve, including utilizing tariff revenue and revaluing Treasury gold certificates.
One of the proposed strategies involves using revenue generated from tariffs. President Donald Trump’s recent imposition of tariffs has contributed to global market fluctuations. While some tariffs have been put on hold, tariffs on China remain in place. Hines mentioned that future tariff earnings could potentially support Bitcoin purchases for the reserve without incurring additional costs. He emphasized the administration’s commitment to exploring creative ways to fund the reserve, stating that “everything is on the table.”
Another strategy under consideration is the revaluation of Treasury-held gold certificates. Currently valued at $43 per ounce, these certificates significantly undervalue the actual market rate of over $3,000 per ounce. Hines suggested that updating this valuation could release additional capital that could be used to acquire more Bitcoin for the reserve. By leveraging this undervalued asset, the government could potentially bolster its Bitcoin holdings.
When asked about the target amount of Bitcoin the US aims to accumulate, Hines emphasized that there is no specific cap. While some policymakers have suggested a target of 1 million Bitcoin, Hines expressed a desire for infinite accumulation. He stressed the importance of amassing as much Bitcoin as possible to strengthen the country’s long-term economic standing. Drawing a parallel with gold reserves, he highlighted the intrinsic store value of Bitcoin and the strategic significance of accumulating it in large quantities.
In conclusion, Hines underscored the government’s objective of securing economic resilience through strategic accumulation of Bitcoin, echoing the sentiment of accumulating valuable assets without setting arbitrary limits. The US’s approach to expanding its Strategic Bitcoin Reserve reflects a forward-thinking strategy aimed at enhancing economic stability and leveraging digital assets for long-term growth and security.