According to US President Donald Trump’s CEO of digital assets, the administration is discussing more bitcoin in a budget neutral way. Bo Hines, the CEO of the president’s adviser for digital assets, says the administration wants “as much (bitcoin) as we can get.”
Just in: 🇺🇸 President Trump’s CEO says “We want as much (bitcoin) as we can get.” pic.twitter.com/ecbGU8JO27
– watcher.guru (@watcherguru) March 18, 2025
Hines says the current Trump team has followed its promise to the Krypto community so far and plans to continue to do so. “Bitcoin is not a security, it’s a commodity,” Hines said in a new interview. “We look forward to working with our partners at the Treasury and the Trade Secretary to find budget -neutral ways for us to acquire more.”
The Trump team wants more bitcoin
Also read: Bitcoin Bull Market is over: How low can BTC throw now?
“A Bitcoin Strategic Reserve is something that the president is interested in,” said US trade secretary Howard Lutnick. “He talked about everything during the campaign track, and I think you will see it run on Friday,” he added. If it comes to effect, it can be huge for Bitcoin. The leading crypto has fallen since he reached six digits at the end of 2024. But many expect it will soon turn.
Following Trump’s American Bitcoin reserve language/announcement, there is now as much concern about Cryptocurrency as there is optimism. The Bitcoin Reserve Initiative was initially celebrated and welcomed by many crypto enthusiasts. But now it is seen with much more caution, especially as further details about the plan continue to emerge. Since concerns about a potential 50% crash on the Cryptocurrency markets continue to grow, the economic crash warnings from European financial authorities indicate that caution may be justified at present.