Donald Trump to get on with Bitcoin reserve ‘in short order’ — Bo Hines
Main Idea
Donald Trump's administration is considering the establishment of a strategic Bitcoin reserve, as indicated by Bo Hines, the executive director of the US President’s Council of Advisers on Digital Assets.
Key Points
1. Bo Hines mentioned the administration's belief in accumulating Bitcoin and plans to move forward with it 'in short order'.
2. The President’s Working Group on Digital Asset Markets released a report on 'Technology' but did not mention the Strategic Bitcoin Reserve.
3. The US government currently holds an estimated 198,000 BTC worth around $2.35 billion.
4. President Trump signed an executive order in March to establish the Strategic Bitcoin Reserve and US Digital Asset Stockpile.
Description
White House digital assets chief Bo Hines confirmed strategic Bitcoin reserve plans remain active despite omission from a recent policy report.
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