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- Apparently, Bo Hines says the Trump Administration wants to buy as much Bitcoin as possible
- This corresponds to the reintroduced Bitcoin Act by Cynthia Lummis and Nick Begich
The Trump Administration wants to buy as much Bitcoin as possible – Bo Hines, executive director of the Presidential Working Group on Digital Assets, allegedly said at a closed-door roundtable hosted by the Bitcoin Policy Institute on Tuesday.
More About White House’s Intention on Acquiring Additional Bitcoin
Tuesday’s crucial summit was held with key participants including Strategy co-founder Michael Saylor, MARA Holdings CEO Fred Thiel, Anchorage Digital CEO Nathan McCauley, Bitcoin Magazine CEO David Bailey, and three U.S. senators Cynthia Lummis (R-WY), Bill Hagerty (R-TN), and Bernie Moreno (R-OH).
And even though Trump insists that federal and taxpayer money will not be spent to replenish the U.S. cryptocurrency reserve – at one of the closed roundtables Bo Hines, executive director of the Presidential Working Group on Digital Assets, allegedly said that the Trump administration wants to buy as much Bitcoin as possible, without specifying how much.
While there is no direct confirmation of this, it is largely supported and clarified by Senator Cynthia Lummis and Congressman Nick Begich who reintroduced a strategic Bitcoin reserve bill to buy one million BTC. There they don’t argue with Donald Trump’s position but instead point to a number of sponsors and some other measures to make this possible.
Conclusion
It’s interesting to see Bitcoin and other cryptocurrencies experiencing a lot of volatility, but key players and even entire nations and their representatives probably don’t doubt the long-term strategic importance of these assets.
We, as crypto enthusiasts, have been asserting this for a long time, and it may have taken others longer to realize it. Will this realization help reinforce the crypto adoption trend and launch a bull run? It’s still an open question.
Stay tuned for updates and be aware of the rapidly evolving financial and crypto landscape.
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