Trump's Digital Assets Advisor Labels Race for Bitcoin Reserve as a 'Space Race'

Bo Hines, the executive director of the President’s 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".