Can We Expect Increased Bitcoin Accumulation Under Trump?

Can we expect a massive accumulation of Bitcoin during the presidency of US President Donald Trump? Based on recent statements by Bo Hines, Trump’s pick to head the Digital Assets section, the industry is likely to see an aggressive investment strategy from the US government.

Hines shared the department’s plan during a speech at the Digital Assets Summit, stating they plan to invest “as many Bitcoins” as possible.

This discussion follows Trump’s executive order on March 6th, aimed at creating a cryptocurrency stockpile for altcoins and Bitcoin. However, the order clarified that the US government would not acquire new cryptocurrencies; rather, it plans to hold all digital assets confiscated as part of its regulations.

> We want “as much as we can get.” – @BoHines on Bitcoin pic.twitter.com/Sy86En8N1Q
> — Michael Saylor⚡️ (@saylor) March 18, 2025

From An Election Promise To Reality: Trump’s SBR

Bitcoin and a crypto stockpile have been hot topics in Washington and crypto circles. During the elections, then-candidate Donald Trump hinted at his support for BTC and blockchain, promising to push for a crypto stockpile.

At the Digital Summit in New York, Hines noted that the passage of the Strategic Bitcoin Reserve (SBR) reflects the president’s commitment to his campaign promise. In his election cycle, Trump faced challenges from the Securities and Exchange Commission (SEC) and former chair Gary Gensler, whom he promised to fire. With Gensler gone, Trump appears more aggressive in promoting his crypto plans.

Planned SBR Highlights Crypto’s Uniqueness

In the same speech, Hines emphasized that the planned SBR respects and promotes the unique features of digital assets. The SBR will focus solely on Bitcoin, excluding other altcoins like Cardano and Ripple’s XRP. Hines also clarified that Bitcoin is seen as a commodity, not a security, and it is considered an “intrinsic store of value” akin to digital gold.

Hines Calls On US Government To Invest More In BTC

Hines highlighted Bitcoin’s unique features and asserted that the US government must hold and continue investing in Bitcoin. This administration’s stance on Bitcoin starkly contrasts with that of Biden’s presidency, which divested its Bitcoin holdings and reportedly lost $17 billion. Hines revealed intentions to collaborate with the Secretary of Commerce and the Treasury to develop budget-neutral strategies for acquiring additional Bitcoins.

Featured image from Coinpaper, chart from TradingView