Trump’s Crypto Advisor Says There’s A ‘Space Race’ to Build a Bitcoin Reserve

Bohines, executive director of the President’s Advisory Council on Digital Assets, says the country is in a global “space race” to build a US Bitcoin reserve.

Hines also confirmed that the government is moving quickly to establish strategic Bitcoin stockpiles.

Bitcoin Stockpiling Plan

In a recent interview with Bitcoin Magazine, the White House Crypto Advisor said it emphasizes that countries around the world are quietly working to collect Bitcoin as a long-term asset, and that the US is aiming to take the lead.

He said the administration is working with the Treasury to audit current Bitcoin holdings and design a “budget-neutral” acquisition method. He also made it clear that a single policy approach has not been pursued. Instead, several strategies have been investigated to determine the most practical and efficient path.

Hines expressed confidence to the US Treasury Department and the Chamber of Commerce to develop a “very creative” way of accumulating flagship cryptocurrency. The initial objective is to start the process quickly, prioritize speed and scalability, and include additional steps to deploy in phases.

The Crypto Advisor cites tariffs previously implemented by the President as a potential means of building federal Bitcoin reserves.

When asked about how much bitcoin the US wants to win, Hines calls it a “silly question,” meaning the government has plans to hold more digital assets.

Milestones and Bitcoin Value

Looking back at his first day in power, the 29-year-old highlighted the early actions taken under President Trump. The directive created an interagency working group and officially ended what is widely known as “Operation Chalk Point 2.0,” resulting in a major reversal of regulations.

This includes the Securities and Exchange Commission (SEC) withdrawing key lawsuits and bank regulators relaxing restrictions on crypto companies. The Trump administration also held its first ever White House crypto summit.

Hines said the US is positioning itself to become the “crypto capital of the world” and is working with the president’s broader vision to make America the most attractive destination for digital asset innovation.

The former Republican candidate was appointed to the newly formed Crypto Advisory Group in January 2025, working with Crypto Czar David Sacks. He acknowledged the existence of other digital ecosystems, but Hines emphasized that Bitcoin has a major focus due to its uniqueness.

He also called cryptocurrency “digital gold” and described it as a product rather than security. Trump’s advisors referenced its origins and the concept of “a pure white concept.” This is a term that David Sack used earlier to demonstrate its intrinsic value.