#StaySAFU Trump administration is exploring the possibility of using tariff revenue to purchase Bitcoin for the US government's strategic crypto reserve. According to Bo Hines, Executive Director of the President's Council of Advisers on Digital Assets, the administration is considering various strategies to acquire more Bitcoin, including :
- *Using Tariff Revenue*: Hines mentioned that tariff revenue could be used to buy Bitcoin, which would not add any extra cost for US taxpayers.
- *Revaluing Gold Certificates*: The administration is also considering revaluing gold certificates, which could generate a substantial surplus of untapped capital to acquire more Bitcoin.
This move is part of a broader effort to build a national Bitcoin reserve, with Senator Cynthia Lummis proposing that the government accumulate up to 1 million Bitcoins over the next five years. The plan has received a mixed response, with some experts warning of potential risks, such as undermining US Bitcoin mining dominance.