Observations and personal opinions from Nothing Research Partner @0x_Todd. The following content does not constitute any investment advice.

Will the United States use tariffs to buy Bitcoin?

I think this news has been translated several times and it has become a bit of a headline party. I listened carefully to the original film and would like to highlight a few key points for you:

1. General policy:

1.1 We (the United States) need to acquire as much Bitcoin as possible

1.2 in a *budget-neutral* way

1.3 without spending taxpayers' money.

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2. Since we can't spend money, here are some feasible ideas:

2.1 Bitcoin ACT 2025

The most important is Cynthia Lummis's Bitcoin ACT 2025 (a new version of the Bitcoin Act, which still requires the United States to obtain 1M Bitcoins. I shared this on Twitter before. It is a two-pronged approach with the Bitcoin strategic reserve).

This bill is currently under discussion. Let's see if it can get more support from Congress.

2.2 Adjust the Treasury's holdings (gold → Bitcoin)

The Treasury currently holds a lot of gold certificates, and those gold are calculated at $43 per ounce, which is actually $3,100 now.

If gold is repriced and the position allocation is adjusted (gold → Bitcoin), the Bitcoin position can be increased without violating the big policy.

Especially under the premise that the Minister of the Treasury is also a crypto-friendly person.

2.3 Tariffs?

Bo only mentioned tariffs, but did not specifically say how to buy Bitcoin with tariffs 😂.

The original text is "We are exploring many creative ways, perhaps through *tariffs*, or other channels."

I think the biggest possibility is to allow others to use Bitcoin to pay tariffs, because directly using tariffs to buy Bitcoin violates the above policy 1.1, but this is also a big thing, but it seems that this thing is earlier.

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3. About Bo Hines himself

He is the executive director of the Presidential Advisory Committee on Digital Assets. This position is mainly for policy advice and has no direct regulatory power, but it has an important impact on digital asset policies.

I think overall, it is still an exciting message, especially the gold position adjustment to Bitcoin, which has a more spiritual massage effect.