It was one of Donald Trump’s most striking crypto promise of his election campaign: The establishment of a strategic national Bitcoin (BTC) reserve. This project became a reality last month: all confiscated bitcoins (almost 200,000 pieces) came to the state treasury. Bo Hines, director of digital assets in the White House, thinks in larger dimensions. According to his statement, the country has “numerous possibilities” to further expand the digital reserve.
More BTC without a cent tax money
On March 6, Trump signed the presidential decree to build the Bitcoin reserve. The decree expressly emphasizes that the structure and expansion of the reserve may not cost a cent of American tax money.
All 109.012 Bitcoinswhich have ever been confiscated in the context of criminal or civil law proceedings, form the basis of the reserve. It was also clarified that the ministries for finance and trade are authorized to develop “budget -neutral strategies” to procure additional bitcoins.
For the first time, Hines has disclosed what such an extension could look like in practice. He commented on this in a current one interview With the well-known content creator and crypto supporter Anthony Pompliano.
“We check all kinds of creative ways – be it through taxes or in any other way,” said Hines. “Everything is on the table. As I said, we want to get as much as possible, so we make sure that no possibility remains unused,” he added.
Hines also referred to the Bitcoin Act by Senator Cynthia Lummis. This law provides to adapt the value of the Gold Certificates of the Ministry of Finance to the current gold price (over $ 3,000 per ounce) instead of the old rating of around $ 43 per ounce. This would release added value in billions with which the USA could acquire BTC – without the consent of the congress or additional tax money.
Crypto investors remain waiting
The introduction of a national Bitcoin reserve was a long-awaited step within the crypto community. It is undoubtedly significant news that a large power like the United States officially accepts Bitcoin. Nevertheless, this has not so far been reflected in the BTC course.
Many investors had hoped for a clear next step – such as the immediate purchase of further bitcoins or at least on transparency regarding future purchases. This clarity has so far failed to materialize, but now it turns out that there is definitely movement behind the scenes.