Trump-Backed Bitcoin Reserve Plan Sparks ’Superpower’ Claims—Wall Street Rolls Eyes

North Carolina congressional candidate Bo Hines doubles down on crypto rhetoric, declaring the US will dominate Bitcoin under Trump’s rumored national reserve strategy.

Behind the hype: Looming midterm elections and a desperate GOP scramble for crypto voters. Meanwhile, institutional traders quietly stack sats between martini lunches.

The real play? Converting political theater into a 21st century gold standard—because nothing says ’sound money’ like election-year pandering to retail bagholders.

Bo Hines Talks Crypto Policy In New Interview

“I feel like we’re well on our way and have positioned ourselves to be the Bitcoin superpower of the world,” Hines told the media outlet.

The former football player pointed out U.S. President Donald Trump’s issuance of a January 23 crypto-focused executive order entitled “Strengthening American Leadership in Digital Financial Technology” as well as the creation of a strategic Bitcoin reserve as markers of crypto policy success.

Hines also seemingly took a swipe at the United States Securities and Exchange Commission’s (SEC) prior regulation-by-enforcement approach to the blockchain sector as a whole.

“This industry’s been a victim of lawfare like no other industry’s ever experienced,” Hines said, adding that what the sector has been able to do despite headwinds is “truly quite remarkable.”

Bitcoin Recovers From Recent Drop

Hines’ comments come ahead of the U.S. Treasury’s May 5 deadline for reporting on strategic Bitcoin reserve implications regarding law and investment considerations.

The impending deadline follows Trump’s March 6 executive order in which he vowed to develop a Strategic Bitcoin Reserve and digital asset stockpile from cryptocurrencies seized from criminal and civil forfeiture proceedings.

Bitcoin has seen a slight surge in value in recent days, with the cryptocurrency hovering around $94,000 despite a small dip on Wednesday.

On Monday, BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), amassed a record of nearly $1 billion in inflows—indicating a potential economic stronghold amid broader fears following the launch of Trump’s controversial “Liberation Day” tariffs earlier this month.

Despite IBIT’s success, it is unclear how Bitcoin may perform in the coming months as sweeping crypto policy changes are expected to be enacted.