Trump's Digital Assets Advisor Labels Race for Bitcoin Reserve as a 'Space Race'
Bo Hines, the executive director of the Presidentās Council of Advisers on Digital Assets, has equated the international scramble to amass a Bitcoin reserve to a "space race", with the U.S. aiming to take the lead. The government aims to swiftly establish a strategic Bitcoin stockpile, with the Treasury Department working on auditing current holdings and developing acquisition strategies.
Hines believes the U.S. can devise "extremely creative" ways to accumulate the cryptocurrency, and has implied that the government plans to hold a significant amount.
He also highlighted early actions taken under President Trump, such as regulatory reversals, that have positioned the U.S. to become a global hub for digital assets. Hines, appointed to the advisory group in 2025, focuses primarily on Bitcoin, referring to it as "digital gold".
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In terms of the Ethereum Price Forecast, traders continue to be undecided
During the previous twenty-four hours, Ethereum futures liquidations totaled $72.46 million, according to statistics provided by Coinglass. When both long and short positions are liquidated, the total amount of liquidated positions is $60.95 million and $11.51 million, respectively.
ETH is now stabilizing between the area of $1,700 to $1,850 as bulls have been unable in maintaining their hold on the $1,800 critical milestone.
At the other end of the spectrum, Ethereum can bounce off the support of a channel that is modestly rising. If the price falls below this support, the next important support zone will be the $1,688 level, which is also a crucial falling trendline.
In order to initiate the subsequent bullish movement, Ethereum (ETH) must first break above and then maintain the upper limit of the channel that is slightly rising that serves as support.
Both the 4-hour Relative Strength Index (RSI) and the Stochastic Oscillator (Stoch) show a predominant negative momentum in the near term, with the Stoch indicator getting closer and closer to getting into the oversold area.
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