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Trump’s Executive Director Reveals the Administration May Buy Bitcoin From Tariff Revenue
April 15, 2025
The tariff dilemma may play in Bitcoin’s favor as the White House discloses that revenue from import duty hikes may fund Bitcoin purchases.
The United States continues to search for budget-neutral ways to expand its stash of Bitcoin, the largest cryptocurrency by market cap. Pro-crypto president Donald Trump disclosed this approach while signing an executive order to create a strategic Bitcoin reserve in March.
Meanwhile, speaking at a White House interview with Anthony Pompliano, Bo Hines revealed a new creative idea that the crypto working group is considering. Hines, who is the executive director of Trump’s council of advisers for digital assets, teased that the recent tariff saga may play in Bitcoin’s favor.
Tariff Revenue to Fund Bitcoin Purchase
Hines stressed that Trump has committed to keeping his promises to make America the Bitcoin superpower. A part of which is to add as much Bitcoin as possible to its existing holdings through budget-neutral ways.
Further, the Trump administration executive noted that new ideas are incoming, including leveraging America’s recent reciprocal tariff boost to fund Bitcoin purchases. Recall that the United States has raised its import tax baseline to 10%, with China currently facing up to 145% following its refusal to come to the negotiation table.
Remarkably, Hines noted that the tariff revenue, which would cost the American taxpayer nothing, is one of the options that the White House crypto working group is considering in its quest to stack sats.
America to Acquire Infinite Amounts of Bitcoin
Meanwhile, Hines highlighted that while Senator Cynthia Lummis’ BITCOIN ACT bill proposes acquiring 1 million BTC over five years, he aims to buy the finite asset infinitely. The White House digital asset executive director stated that there is no specific cap to the number of BTC tokens he wants America to buy.
He likened placing a cap on Bitcoin purchases to doing so with gold. As countries aim to acquire as much of the commodity as they can afford due to its intrinsic value, so does the US plan to tap into its digital version infinitely. The only drawback to this plan is that only 21 million BTC can ever be created, and nearly 95% of the existing supply is already in people’s purses.
Meanwhile, Hines mentioned other ideas the United States is considering, including reevaluating its gold certificates. The proposal, which is already making the rounds in the industry, would see the nation bring its gold valuation up to speed with the current market valuation.
For perspective, the Federal Reserve holds gold at a paper value of $42.22 per ounce, far below its current market valuation. Lummis suggested that revaluing it to its current value of $3,226 would free up capital to divert to Bitcoin purchases.
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