{"id":11078,"date":"2025-03-15T09:03:58","date_gmt":"2025-03-15T16:03:58","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=11078"},"modified":"2025-03-15T09:04:43","modified_gmt":"2025-03-15T16:04:43","slug":"trump-admin-wants-to-acquire-as-much-bitcoin-as-possible-white-house","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2025\/03\/15\/trump-admin-wants-to-acquire-as-much-bitcoin-as-possible-white-house\/","title":{"rendered":"Trump Admin Wants to Acquire as Much Bitcoin as Possible: White House"},"content":{"rendered":"\n
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At least Bitcoin<\/a> is deflationary, so it would make money for our broke government over time. And It’s not a lot of money to be invested, $80 billion, as there are bigger ETF flows at present. But as the OCGFC keep playing around with Bitcoin, what do they have in mind? I’m reminded of Warren Buffet’s comment about Bitcoin, as what would he do with it when he owns it all, which was a pretty arrogant statement and would devalue it as you remove liquidity. Of course, a lot of people that saw its potential at the beginning are still holding huge amounts they’re not moving, so as prices increase further they’ll be incentivized to sell. And when it comes to the OCGFC, they still use brokers instead of exchanges, so large sums can move around in the background that can’t be easily tracked and identified. Consequently, in Trump’s first term, he said Bitcoin was worthless.<\/p>\n\n\n\n

https:\/\/decrypt.co\/309948\/trump-admin-acquire-much-bitcoin-possible-white-house<\/a><\/p>\n\n\n

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A White House official told a room of crypto industry leaders this week that there should be no limit to the size of a U.S. government Strategic Bitcoin Reserve.<\/h5>\n\n\n\n

By Sander Lutz<\/p>\n\n\n\n

\"The
The White House. Image: Shutterstock<\/figcaption><\/figure>\n\n\n\n

A White House official told a room of crypto industry leaders this week that the Trump administration wants to acquire as much Bitcoin<\/a> as possible. <\/p>\n\n\n\n

At a closed-door roundtable hosted by the Bitcoin Policy Institute on Tuesday, Bo Hines, executive director of the Presidential Working Group on Digital Assets, told participants the White House is intent on acquiring as much Bitcoin<\/a> as it can, according to multiple attendees.<\/p>\n\n\n\n

When asked by someone in the room exactly how much Bitcoin the U.S. government might ultimately acquire, Hines joked the question was akin to asking someone how many dollars they\u2019d want, one roundtable attendee told Decrypt<\/em>. <\/p>\n\n\n\n

A White House official confirmed to Decrypt <\/em>that Hines indeed made the statement about acquiring as much Bitcoin as possible, but added the caveat that any such acquisitions would be made \u201cin a budget neutral way that doesn\u2019t cost the taxpayers a dime.\u201d <\/p>\n\n\n\n

The private roundtable, which followed a public \u201cBitcoin for America\u201d policy summit<\/a>, hosted Bitcoin heavyweights, including Strategy co-founder Michael Saylor, MARA Holdings (previously known as Marathon Digital) CEO Fred Thiel, Anchorage Digital CEO Nathan McCauley, and Bitcoin Magazine CEO David Bailey. It also featured three U.S. senators: Cynthia Lummis (R-WY), Bill Hagerty (R-TN), and Bernie Moreno (R-OH). <\/p>\n\n\n\n

At one point during the roundtable, a participant asked Bo Hines whether the White House supports the Bitcoin Act\u2014a piece of legislation reintroduced<\/a> in the Senate by Lummis on Tuesday that would require the U.S. government buy up to one million BTC, worth roughly $80 billion, and would enshrine into law the Strategic Bitcoin Reserve established by President Donald Trump\u2019s recent executive order<\/a>. <\/p>\n\n\n\n

After receiving the question, according to one roundtable attendee, Hines then turned to Lummis, whom he was sat next to, and said the White House plans to support legislation that puts a Strategic Bitcoin Reserve into law, and will apply pressure to make sure it passes Congress. <\/p>\n\n\n\n

A White House official emphasized to Decrypt <\/em>that Hines did not, however, endorse any specific piece of legislation during the event. <\/p>\n\n\n\n

It is currently estimated the U.S. government holds nearly 200,000 BTC<\/a>, acquired via civil and criminal forfeitures. Senior White House officials have pushed the line<\/a> in recent days that they support the government purchasing additional Bitcoin to buttress a strategic reserve, so long as those acquisitions are \u201cbudget neutral.\u201d<\/p>\n\n\n\n

\"Cynthia<\/figure>\n\n\n\n

It is debatable whether Lummis\u2019 Bitcoin Act can be considered budget neutral. The bill calls for the U.S. to purchase some $80 billion worth of BTC at current prices<\/a>\u2014but plans to do so principally by obligating the Federal Reserve to hand over revenues that would theoretically be generated if the central bank were to have its gold certificates reevaluated at market prices. The certificates were last priced in 1971, when the U.S. went off the gold standard. Gold has since increased by over 6,800% in value.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

At least Bitcoin is deflationary, so it would make money for our broke government over time. And It’s not a lot of money to be invested, $80 billion, as there are bigger ETF flows at present. But as the OCGFC keep playing around with Bitcoin, what do they have in mind? I’m reminded of Warren […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,31],"tags":[],"class_list":["post-11078","post","type-post","status-publish","format-standard","hentry","category-tech","category-wyoming"],"blocksy_meta":[],"featured_image_src":null,"author_info":{"display_name":"Jason","author_link":"https:\/\/jasonsblog.ddns.net\/index.php\/author\/jturning\/"},"_links":{"self":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/11078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/comments?post=11078"}],"version-history":[{"count":2,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/11078\/revisions"}],"predecessor-version":[{"id":11081,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/11078\/revisions\/11081"}],"wp:attachment":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/media?parent=11078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/categories?post=11078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/tags?post=11078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}