Trump Administration Discusses Acquiring Bitcoin “We Want as Much as We Can Get”

According to US President Donald Trump’s Executive Director of digital assets, the administration is discussing acquiring more Bitcoin in a budget-neutral way. Bo Hines, the Executive Director of the President’s Council of Advisers on Digital Assets, says that the administration wants “as much [Bitcoin] as we can get.”

JUST IN:President Trump’s Executive Director says "we want as much [Bitcoin] as we can get." pic.twitter.com/ECBGU8jO27

Hines says that the current Trump team has followed through on their promise to the crypto community so far, and plans to keep doing so. “Bitcoin is not a security, it’s a commodity,” Hines said in a recent interview. “We’re looking forward to working with our partners at the Treasury and the Secretary of Commerce in order to find budget-neutral ways for us to acquire more.”

Trump Team Wants More Bitcoin

Trump’s administration continues to advance various pro-crypto policies, including the creation of a Strategic Bitcoin Reserve, which is raising many questions about its implementation and potential economic consequences. Bitcoin is currently trading just over $80,000, following a strong downturn from $100,000 over the last few months. Bitcoin was expected to surge in Trump’s first year back in office, but after eclipsing $100k late last year, the digital asset has struggled.

“A Bitcoin strategic reserve is something the President’s interested in,” US Commerce Secretary Howard Lutnick said. “He spoke about it all during the campaign trail, and I think you’re going to see it executed Friday,” he added. If it comes to fruition, it could be huge for Bitcoin. The leading crypto has fallen since reaching six figures in late 2024. However, many expect that to turn around soon.

Following Trump’s US Bitcoin Reserve claims/announcement, there is now just as much worry around cryptocurrency as there is optimism. The Bitcoin Reserve initiative was initially celebrated and welcomed by many crypto enthusiasts. However, now is being viewed with much more caution especially as additional details about the plan continue to emerge. As concerns about a potential 50% crash in cryptocurrency markets continue to grow, the economic crash warnings from European financial authorities suggest that caution may be warranted at this time.