White House Director of Digital Asset Calls Bitcoin “Digital Gold,” Says the US Plans to Buy More

Bo Hines, the White House Director of Digital Assets, has reiterated the United States’ commitment to buying more Bitcoin, dubbed “digital gold.”

Hines made another public debut on Thursday to discuss digital assets and did not fail to mention the bullish stance of the United States. In a fireside chat with the US Senate Banking Committee on Thursday, he assured that Bitcoin is here to stay.

Bitcoin Is Digital Gold

Hine discussed digital assets with Senator Cynthia Lummis and Senator Tim Scott, two pro-crypto Republicans, on Thursday, where he reiterated that Bitcoin is digital gold. Notably, this is not the first time that the White House has made such claims; it also made a similar claim in Donald Trump’s executive order to create a reserve in March.

Also, Hines referred to Bitcoin as digital gold during the 2025 Bitcoin Conference in Las Vegas, stating it is the “golden standard.” The White House executive also disclosed yesterday that the United States is keen on buying more Bitcoin.

Again, Hines reiterated that the United States plans to accumulate this limitedly capped cryptocurrency. He noted that it is in the country’s best interest to buy as much Bitcoin as possible.

However, they would do this in a budget-neutral way, which would have zero impact on US taxpayers. Notably, Hines has teased several approaches to achieve this purchase clause, including through revenues from Donald Trump’s tariff hikes or reviewing the United States’ gold certificates.

Nonetheless, Senator Lummis has a bill in Congress to purchase 1 million BTC over five years. If the BITCOIN Act legislation passes, it would also be another source to fund the White House’s drive to accumulate as much Bitcoin as possible.

The US on Track to Become the Crypto Capital of the World

Furthermore, Hines lauded the efforts of the Senate in achieving Trump’s mandate to make America the crypto capital of the world. He noted that through legislation like the GENIUS Act, they are revolutionizing the US financial system in ways not seen before.

The GENIUS Act, passed by the Senate earlier this month, would create new payment rails, improve transaction times and costs, and unlock transparency. Hines highlighted that this would sustain the US dollar’s dominance and ensure that the fiat superpower remains the only currency that exists in the future.

Meanwhile, Hines urged the Senate to apply the success of their stablecoin legislation to the crypto market structure bill, to which Lummis and Scott agreed. Notably, Lummis earlier disclosed that the Senate intends to pass the bill before the end of the year.