Nikolas Sargeant
The White House is investigating multiple approaches for acquiring Bitcoin without affecting the federal budget, according to Bo Hines, Executive Director of the President's Council of Advisers on Digital Assets. During a White House interview with Anthony Pompliano, Hines emphasized that any Bitcoin accumulation strategy must remain "budget neutral" while revealing that tariff revenue could potentially fund these purchases.
"We have, as the President likes to say, many high IQ people working on these solutions," Hines stated, highlighting the collaborative efforts between the Department of Commerce, Treasury, and other agencies through an interagency working group.
Treasury Contemplates Gold Certificate Revaluation Strategy
A key proposal gaining momentum is linked to Senator Cynthia Lummis's Bitcoin Act of 2025, which suggests updating the valuation of Treasury-held gold certificates. Currently recorded at approximately $43 per ounce despite gold trading above $3,216, this revaluation could generate billions in surplus capital potentially deployable into Bitcoin reserves.
While acknowledging the proposal's congressional journey ahead, Hines remained optimistic about gathering co-sponsors. However, he emphasized that the administration is exploring multiple pathways rather than relying on a single approach.
Tariff Revenue Emerges as Promising Bitcoin Funding Option
Amid heightened US-China tensions and increasing protectionist policies, tariffs have become another viable funding source. Hines indicated that future tariff collections could create a separate revenue stream specifically for Bitcoin acquisition without redistributing existing federal assets.
"There's literally countless ways in which you can do this," Hines remarked, suggesting extensive brainstorming across federal agencies. "Everything's on the table. We want as much as we can get."
These strategies align with Hines's broader vision expressed at the Blockworks Digital Asset Summit 2025, where he characterized Bitcoin as a commodity with intrinsic value that should be treated as a strategic asset. He further emphasized that building national digital asset reserves is "imperative for the United States."
