The US government is exploring innovative strategies to expand its Bitcoin reserves without burdening taxpayers, with options ranging from tariff revenues to revaluing its gold certificates. Bo Hines, the executive director of the Trump administration’s crypto council, revealed these plans in a recent interview with Professional Capital Management CEO Anthony Pompliano.
“We’re looking at many creative ways, whether it be from tariffs, there’s literally countless ways in which you can do this,” Hines stated, emphasizing the government’s commitment to exploring every avenue for acquiring Bitcoin. One particularly notable idea is for the Treasury to revalue its gold certificates. Currently valued at $43 per ounce, these certificates could be revalued to match the current market price of $3,200 per ounce. This would create a paper surplus, enabling the government to purchase Bitcoin without needing to sell its gold reserves.
🇺🇸 LATEST: Executive Director of Digital Assets Bo Hines said the US government may buy Bitcoin using tariff revenue. pic.twitter.com/Gfc2HiEJoL
— Cointelegraph (@Cointelegraph) April 15, 2025
This strategy aligns with the creation of the US Bitcoin Reserve, which will initially consist of assets forfeited in criminal cases. The goal is to develop budget-neutral strategies to acquire Bitcoin and bolster the nation’s digital asset holdings.
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In addition to Bitcoin acquisition, Hines discussed the White House’s ongoing work on a comprehensive digital asset framework. This framework aims to support crypto innovation while promoting US dollar-backed stablecoins globally. Hines emphasized that the administration is moving quickly, akin to the pace of a startup, to establish the US as the “crypto capital of the world.” The report detailing these efforts is expected to be released by late July or August.
While the government’s exploration into Bitcoin acquisition progresses, some controversies loom over Trump-linked ventures, including the Official Trump (TRUMP) memecoin. Hines, however, did not address these concerns during the interview, focusing instead on the broader crypto strategy. As the US explores these creative methods, the question remains whether the nation can successfully expand its Bitcoin reserves without taxpayer funding.
I watched this interview in full.
— Pledditor (@Pledditor) April 14, 2025
Pomp didn't ask about:
1. How much Bitcoin the US government owns, and the internal audit the Trump administration told us that should have already been completed
2. Donald Trump's growing list of conflicts of interests in the cryptocurrency… https://t.co/bVnXBkCmK1
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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