Donald Trump Advisor Bo Hines: There Is a ‘Space Race’ to Build Bitcoin Reserves

Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, has laid out an ambitious set of goals for building a U.S. Bitcoin reserve in a recent interview.Hines told Bitcoin Magazine there “is definitely a sort of space race as it pertains to accumulation of this asset,” saying this is “no different than there is with gold.” Government’s now hold roughly 2.3% of the total supply of Bitcoin, according to price aggregator CoinGecko, with the U.S. slightly edging out China as the top holder.BitcoinThe White House adviser dubbed questions about how much Bitcoin the U.S. would ultimately like to acquire “a silly question”—simply implying that more is better.“That’s like asking any country, how much do you want of any asset with intrinsic, stored value—you want as much as you can possibly accumulate.”Hines, a two-time former Republican nominee for the House of Representatives, was appointed to his role in the newly formed presidential advisory group in January 2025, serving alongside crypto czar David Sacks.Hines implied that the White House will focus on Bitcoin acquisition over other types of digital assets, saying he acknowledges that other ecosystems “do exist,” but “it’s really important that we do recognize Bitcoin for its uniqueness.””It’s a commodity, not a security. It has the Immaculate Conception, as [David Sacks] has said, and that intrinsic value piece is there.”The statement comes amid criticism of the White House for potentially including non-Bitcoin assets in crypto reserve plans, such as Solana (SOL) or Cardano (ADA), if one of Trump’s Truth Social posts is to be believed.Hines didn’t give much detail about when these Bitcoin accumulation measures would start being implemented, but said “hopefully we’ll move on to the accumulation measures here pretty quickly,” pointing out that, as per Trump’s executive order, responsibility for approval lies with the U.S. Treasury.Though the adviser mainly discussed the potential Bitcoin reserve, he also gave hints about when other key crypto industry legislation could land, saying his team plans to get both stablecoin legislation and market structure legislation on President Trump’s “desk before August recess.”Edited by Stacy Elliott.