U.S. to Fund Bitcoin With Tariff Revenue in Bold New Strategy, Says Bo Hines
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According to Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, the US government plans to use tariff revenue for its Bitcoin expansion. It is trying to find ways to purchase Bitcoin using existing revenue, like from tariffs. In this way, the U.S. could add more Bitcoin to its reserve without borrowing money and relying on taxpayer funds.
In an interview with Crypto investor Anthony Pompliano, Bo Hines explained how governments are trying to explore bold ways to get Bitcoin for its reserve via tariff revenue without adding it to the budget or using the money of taxpayers.
Bo Hines said that they want to collect as much Bitcoin as possible via tariff revenue, but will not be using the money from taxpayers. He said that they are trying to think about all the possible ways to do this, like using money from import taxes, i.e. tariffs revenue and teaming up with other agencies because they think that Bitcoin is important for America’s financial future.
Bitcoin to Join Gold in U.S. Strategic Reserves?
The U.S. currently holds large gold reserves, which were used in the past to support the dollar and stabilize the economy. Now, leaders are thinking of using Bitcoin in the same way as gold reserves.
Hines explained that one more innovative idea they are looking at is a revaluation of the U.S. Treasury gold certificate. Some of them are still listed at a low price value of $42.22 per ounce, even though gold is currently sold for over$3,200. A lot of hidden money can be revealed if this issue is fixed, and this money can then be used to create Bitcoin reserves.
This idea is already included in a new proposed law called as BITCOIN Act of 2025, this law is supported by Senator Cynthia Lummis. The bill suggests creating a Bitcoin reserve and has the goal of buying 1 million Bitcoins in the next five years.
Hines said that the law gives permission for revaluing already-owned assets and using the extra value to buy Bitcoin without cutting funds from other programs.
Modernizing the Financial System Through Digital Assets
While discussing the broader digital transformation, Hines said that he is frustrated because of slow and old traditional banking and payment systems, as one has to wait for a long time to geta payment transferred, and there are also hidden fees and limited access for some people.
He thinks that these problems can be solved by digital assets, especially Bitcoin and this might make the financial system more better.
Conclusion
The U.S. government is seriously considering using gold revaluation method and tariff revenue to buy more Bitcoin to add to its official reserves. This shows that there is a big change and that there is growing trust in Bitcoin to be an important part of future economic security.
FAQs
1. What is the U.S. plan for Bitcoin accumulation?
The government wants to use tariff revenue and gold for Bitcoin expansion.
2. When did Bo Hines talk about Increasing the Bitcoin reserve?
Bo Hines recently had a discussion with Anthony Pompliano, where he revealed the plan.
3. What does Bo Hines want to avoid?
He said the US will not buy Bitcoins using taxpayer money rather will use Tariff revenue.
4. How does the US see Bitcoin as a strategic reserve?
The U.S. sees Bitcoin as a legend to its financial future.
5. How will gold reserves help Bitcoin accumulation?
The US government will revalue its gold reserves and use tariff revenue to free up money to buy Bitcoin.
Glossary
BITCOIN Act of 2025- legislation establishing a U.S. reserve of Bitcoin.
Import Taxes- Taxes on goods from other countries
Tariff Revenue-Money from taxes on imports.
U.S. Treasury – a government body managing financial resources.
Sources
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