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Bitcoin News

White House Official Calls Bitcoin “Digital Gold,” Wants to Buy More

During a talk at the Bitcoin Policy Institute, a senior White House official confirmed that the US is creating a Bitcoin accumulation plan.

Written By:
Jalpa Bhavsar

Reviewed By:
Kritika Mehta

Last updated: June 27, 2025 1:22 AM
Published June 27, 2025 12:57 AM
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Last updated: June 27, 2025 1:22 AM
Published June 27, 2025 12:57 AM
White House Official Calls Bitcoin “Digital Gold,” Wants to Buy More

Bo Hines, the head of crypto policy at the White House, said the US wants to buy as much Bitcoin as possible. He called Bitcoin “Digital Gold”, comparing it to the value and importance of gold for the country.

“We want as much as we can possibly get,” Hines said. He added, “We’re not going to sell any Bitcoin that we possibly have in the US government, period.”

While speaking to members of the US Senate Banking Committee, Hines said that the White House is serious about accumulating Bitcoin. He has used the term “Digital Gold” since he was appointed Executive Director of the President’s Council of Advisers on Digital Assets.

The United States has officially approved the creation of a national Bitcoin reserve, which is a major step forward. Bo Hines, a top White House crypto official, explained the plan and was asked if the government would ever sell its Bitcoin. He made it clear that the US does not plan to sell any of it and is fully committed to Bitcoin.

At the 2025 Bitcoin Conference, Hines talked about the US’s first-ever Bitcoin Reserve. He once again called Bitcoin “digital gold” and said it has real value. Hines stated, “We’re not going to sell any Bitcoin the US government owns. We want to get as much as we can.”

Earlier today, during a talk at the Bitcoin Policy Institute, a senior White House official confirmed that the US is creating a Bitcoin accumulation plan. This plan involves buying Bitcoin over time, not all at once, making it a long-term strategy.

Also Read: White House Director Invests in XRP and ADA, Is Trump Next?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Bitcoin (BTC)United States
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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.
Kritika Mehta- Former Sub Editor at The Crypto Times
By Kritika Mehta
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Kritika Mehta is a Sub Editor with over 4 years of experience in news writing, crypto news sourcing, editing, and covering topics across fintech and the stock market. She holds a BA in Journalism and Mass Communication and is certified in Multimedia Journalism. Kritika combines editorial precision with a sharp news sense to ensure content is accurate, engaging, and timely.

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