U.S to Consider Buying Bitcoin with Tarrif Revenue

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U.S Digital Assets Executive Director Bo Hines has revealed that the Trump administration may consider using tariff revenue to buy Bitcoin.

In an interview with the Pomp Podcast, the executive director of Trump’s Council of Advisors on Digital Assets, Bo Hines, has raised market enthusiasm regarding Bitcoin’s future. According to the Interview, the Trump administration is considering revenue from tariffs as capital to acquire more Bitcoin in addition to its reserves.

Bitcoin has surged 7.06% in the past 7 days, with its price fluctuating around $85,712 at press time, per CoinMarketCap Data. This is indicative of BTC’s strong momentum amid institutional and government support.

Trump’s meeting with pro-Bitcoin El Salvador’s President on 1the 4th of April has fuelled BTC’s bullishness as the market anticipates their cooperation in the advancement of Bitcoin adoption.

Crypto enthusiasts and Bitcoin maximalists are closely watching these developments and the Trump administration’s direction concerning BTC reserves.

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Denis Mwirigi

Denis is an experienced blockchain enthusiast and researcher. He is passionate about the opportunities and possibilities afforded by the advancement of this new technology. With a background in engineering, he blends technical expertise with a deep interest in foreign exchange, financial journalism, and technological trends.

https://scoopist.in