US Expands Bitcoin Strategy
US President Donald Trump's digital asset manager Bo Hines announced that the Trump administration aims to increase Bitcoin reserves to an unprecedented extent. Speaking at the Digital Assets Summit held in New York on March 18, Hines explained the strategies of Americans to earn Bitcoin with the following words:
"How much Bitcoin do we want? It's like asking how much gold education in a country. The answer: As much as we can get."
This statement shows the importance of the US turning to Bitcoin. The government states that Bitcoin is critical for its economic balances and cannot be sure.
Historic Bitcoin Move from the Trump Administration
The Trump administration is turning to Bitcoin to create wealth for the American people. Bo Hines supported this approach with the following words:
"Our president creates services for the American people by starting to acquire assets. This is the right method."
It was reported that the details of obtaining Bitcoin without burdening the budget were discussed at the first Digital Assets Summit held in the White House. Trump announced that he signed the order to launch the "US Strategic Bitcoin Reserve" on March 6, 2025.
This reserve aims to solidify the US's long-term Bitcoin earnings. The next day, Trump's cryptocurrency David Sacks said, "Bitcoin is a scarce, valuable asset and should be reserved for the US." Experts say that increasing Bitcoin reserves will support the US's economic power.
US Bitcoin Target: 200,000 Bitcoins Per Year
US House of Representatives member Byron Donalds introduced a bill to enact Trump's Strategic Reserve. According to this plan:
The US will purchase 200,000 Bitcoins per year for the next five years.
- A total of 1 million Bitcoins will be acquired.
- These assets will be held for 20 years.
- The US will be one of the largest reserve holders of Bitcoin producers.
- In the long term, Bitcoin reserves provide security against economic currencies.
This goal could be a presentation of the US in the Bitcoin market. At the same time, various regulations are planned to be made to secure financial stability.
Bitcoin for a Strategic Asset, USA
The Trump administration defines Bitcoin as "digital gold". Bo Hines emphasized the role of Bitcoin in the financial system with the following words:
"Bitcoin is not a security, it is a commodity. It is an accepted asset with intrinsic value. That's why we define Bitcoin as digital gold."
Economists state that Bitcoin can contribute to financial stability and that even central banks can create Bitcoin reserves in the future. The US wants to learn its economic independence and knowledge in the world financial system with this move.
This new strategy reflects the US's goal of securing financial stability with digital assets like Bitcoin. Bitcoin's limited supply and increasing institutional demand make the US contrary to leadership in this regard.
