US White House Acknowledges Bitcoin as Digital Gold, Plans Further Accumulation

In a move that signals a new era in digital finance, the White House has formally recognised Bitcoin as “digital gold” and revealed plans to accumulate more of the flagship cryptocurrency — all without tapping into taxpayer funds or increasing the national budget.

Bo Hines, the White House’s Head of Crypto Policy, reaffirmed the United States’ intention to build its own national Bitcoin reserves, speaking on Thursday (26 June) during a hearing with the Senate Banking Committee.

"Of course, this must be done without burdening the federal budget or drawing from taxpayer dollars," Hines stated. "And the President has made that clear in his executive order. I believe we have a lot of creative pathways to pursue this, and we intend to act quickly."

Hines’ comments come at a time of growing interest in Bitcoin’s role in global finance, particularly following his strong statements at Bitcoin 2025, where he referred to Bitcoin as the new digital standard and re-emphasised its intrinsic value.

He confirmed once again that the US government has no intention of selling its existing Bitcoin holdings, but instead plans to strategically increase its position over the long term, treating Bitcoin as a key national strategic asset.

The strategy is expected to be phased, ensuring it aligns with macroeconomic goals while also supporting the administration’s broader vision to leverage decentralised digital assets as part of the country’s financial infrastructure.

"We're not just investing in Bitcoin — we're investing in a future where innovation, transparency and economic security go hand-in-hand," Hines told senators.

The announcement is already sparking conversations across crypto markets and financial institutions alike. Analysts expect the news to positively impact Bitcoin’s market valuation, particularly as it signals institutional and governmental trust in the asset’s long-term potential.

Many believe this move positions the US as a global leader in responsible crypto adoption, giving it a first-mover advantage in the race to integrate blockchain into national finance.

The White House’s stance also adds weight to the idea that Bitcoin may soon become more widely adopted not only as a store of value but as a core reserve asset, much like gold has been for decades.

As more governments explore similar strategies, all eyes will be on how the US executes this plan — and how it could reshape the future of decentralised finance.

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