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Bo Hines: Trump Administration Wants to Buy as Much Bitcoin as Possible

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Bo Hines: Trump Administration Wants to Buy as Much Bitcoin as Possible

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Table of Contents

  • 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.

The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more

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Alexandros

My name is Alexandros, and I am a staunch advocate of Web3 principles and technologies. I'm happy to contribute to educating people about what's happening in the crypto industry, especially the developments in blockchain technology that make it all possible, and how it affects global politics and regulation.

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