
The Trump administration has announced its plans to explore the use of tariffs as a means to increase its Bitcoin reserves without putting additional financial burden on taxpayers.
Bo Hines, the top crypto advisor in the White House, stated that all options are being considered when it comes to acquiring more Bitcoin, including the potential implementation of tariffs. According to Hines, any move to accumulate more Bitcoin would be done so in a way that is budget-neutral, meaning that the acquisition would not come at the expense of American taxpayers.
“We’re looking at many creative ways, whether it be from tariffs or something else,” Hines said. “I mean, there are literally countless ways in which you can do this. Everything’s on the table.”
Hines emphasized the importance of acquiring as much Bitcoin as possible without affecting the government’s budget balance. To achieve this goal, the administration is actively exploring various strategies, including internal portfolio rebalancing and external revenue generation opportunities.
The advisor also praised Senator Cynthia Lummis’ Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, which aims to establish a Strategic Bitcoin Reserve for the US. The bill proposes using the proceeds from the revaluation of the Fed’s gold certificates as a dedicated funding source exclusively for purchasing Bitcoin.
In addition to exploring tariffs and other options, Hines has also expressed his openness to swapping Fort Knox gold reserves for Bitcoin. However, he emphasized that any such transaction would need to be done in a way that does not affect the government’s budget balance.
The administration’s plans to accumulate more Bitcoin are part of its broader vision to modernize America’s outdated financial system and promote blockchain technology as a means of revolutionizing the way Americans interact with money.
Source: https://cryptobriefing.com/tariffs-for-bitcoin-trump-administration/