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    Home - News - White House Crypto Chief Says US Will Accumulate as Much Bitcoin as Possible
    News

    White House Crypto Chief Says US Will Accumulate as Much Bitcoin as Possible

    Praveen JadhavBy Praveen JadhavMay 29, 20252 Mins Read
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    White House Crypto Chief Says US Will Accumulate as Much Bitcoin as Possible
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    The year 2025 has brought a significant shift in the United States, particularly in its approach to cryptocurrency. With the return of US President Donald Trump to the White House, the country has ushered in its first pro-crypto administration. This shift is already making waves, as White House crypto head Bo Hines has confirmed that the United States is actively seeking to acquire as much Bitcoin as possible.

    In a groundbreaking move, the country has officially approved the creation of a Bitcoin Strategic Reserve, signaling a major policy shift toward integrating cryptocurrency into national financial strategies. This initiative represents a bold step, positioning the US as a key player in the global cryptocurrency market.

    Hines elaborated on the administration’s crypto strategy in a recent statement, affirming the country’s commitment to Bitcoin and its broader potential within the digital asset class. When asked if the US would ever consider selling its Bitcoin holdings amid this new initiative, Hines emphasized the administration’s long-term vision and dedication to integrating Bitcoin into the nation’s financial infrastructure.

    White House Reveals Stance on Bitcoin: Do They Have a Plan to Sell?

    In a significant move, the US Department of Labor has officially reversed its guidance against including Bitcoin and other cryptocurrencies in 401(k) plans. This decision marks a major shift in the nation’s stance toward the growing asset class.

    Since taking office in 2025, President Donald Trump has championed a strongly pro-crypto agenda, signaling unprecedented support for digital currencies. According to the White House crypto lead, the administration plans to continue this approach, with intentions to acquire as much Bitcoin as possible.

    At the 2025 Bitcoin Conference, Bo Hines spoke about the nation’s first-ever Bitcoin Reserve, referring to the cryptocurrency as “digital gold” with significant “intrinsic value.” He emphasized that the US government has no plans to sell its Bitcoin holdings.

    “We’re not going to sell any Bitcoin that we possibly have in the US government, period,” Hines stated. “We want as much as we can possibly get,” he added.

    With Bitcoin hitting an all-time high this year, the reserve is a positive step for the US’s financial diversification while also boosting the token’s value, as government purchases are expected to drive prices even higher.

    Also Read: Ripple (XRP): Could Elon Musk Integrate XRP On X?

    Disclaimer

    The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.

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    Praveen Jadhav
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    Praveen got into the world of cryptocurrency in 2017 by trading and investing. With a wealth of experience managing various crypto-related projects, Praveen is deeply passionate about all aspects of cryptocurrency, blockchain, Metaverse, and NFTs.

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