The Trump administration is actively developing methods to acquire Bitcoin without burdening taxpayers, according to Bo Hines, a key crypto advisor. Speaking with crypto influencer Anthony Pompliano, Hines emphasized that a wide range of strategies are under consideration.
Creative Approaches on the Table
Hines revealed that the administration is entertaining various avenues to build a Bitcoin reserve. “We’re looking at many creative ways, whether it be from tariffs, whether it be from something else. I mean, there’re literally countless ways in which you can do this,” he stated. “Everything’s on the table.”
The goal is clear: accumulate a significant amount of Bitcoin while ensuring that acquisition methods remain fiscally neutral. Hines reiterated, “We obviously have made it very clear that we want to acquire as much as we can get. It stipulates that we have to acquire Bitcoin in budget-neutral ways that don’t cost a taxpayer a dime.”
Strategic Vision: Holding, Not Selling
Drawing parallels between Bitcoin and gold, Hines said the government intends to hold its Bitcoin reserves long-term. Efforts to develop a cohesive acquisition plan involve several top officials, including Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, as part of an inter-agency initiative.
One legislative cornerstone of this strategy is the BITCOIN Act of 2025, spearheaded by Senator Cynthia Lummis. The bill proposes the formation of a Strategic Bitcoin Reserve and lays out a roadmap for the government to accumulate one million BTC over five years.
Gold Swaps and Internal Budget Balancing
Hines has expressed willingness to explore unconventional ideas, including the potential to trade gold reserves from Fort Knox for Bitcoin—so long as it doesn’t disrupt the nation’s fiscal balance. “We’re gonna make sure that no stone is unturned as we start fleshing out some of these processes,” he said, noting that both internal rebalancing and new revenue opportunities are being studied.
The BITCOIN Act identifies a potential funding source by leveraging the revaluation of the Federal Reserve’s gold certificates, which would not require new taxpayer funds.
Digital Assets Seen as a Path to Financial Modernization
Beyond Bitcoin accumulation, Hines discussed the broader role of digital assets in revamping the U.S. financial system. He cited inefficiencies within the current banking infrastructure and highlighted blockchain’s potential to streamline money movement.
“There’s so much friction there,” he said of traditional banking. “Look at our current payment rails… there are fees, there’s a lack of transparency. There’s a time process that’s obviously too long with the technology that currently exists.”
According to Hines, blockchain is the answer. “Blockchain technology and some of these technologies that are emerging out of the digital asset space will help revolutionize that system. It’ll make things more transparent for Americans, more efficient, more effective.”