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The US White House Now Acknowledges Bitcoin as Digital Gold, Plans to Acquire More
The head of crypto policy at the White House, Bo Hines, reiterated that the United States plans to buy as much Bitcoin (BTC), referred to as digital gold, on Thursday (26/06). He stated that this accumulation of Bitcoin will be carried out in a way that does not burden the national budget or taxpayers.
"Of course this must be done without burdening the budget and without using taxpayer funds, and the President has already emphasized this in his executive order. I am confident that we have a lot of creative thinking and will move quickly soon," said Bo Hines.
In a meeting with the U.S. Senate Banking Committee, Hines reaffirmed the government's commitment to building the first officially approved national Bitcoin reserve. He also emphasized that the government does not plan to sell the Bitcoin it owns, but rather to increase its holdings as a strategic asset.
On the other hand, at the Bitcoin 2025 conference in May 2025, Hines also emphasized the intrinsic value of Bitcoin and referred to it as the digital gold standard. He has stated similarly that the US government will not release the Bitcoin it already possesses.
This accumulation plan will be carried out gradually and strategically in the long term, in line with the president's vision to utilize Bitcoin as an important asset in the national portfolio. This step is also expected to drive the value of Bitcoin to rise further as the government purchases it.
With this step, the US demonstrates a proactive attitude in adopting digital assets as part of its national financial strategy, while also strengthening its position as a global leader in crypto innovation and regulation.