Bo Hines, a former White House crypto advisor and now a senior figure at Tether, has once again urged investors to hold onto their Bitcoin.
In a recent post on X, Hines wrote, “I feel sorry for people that sell their Bitcoin,” reinforcing his earlier advice to crypto holders: “Never sell your Bitcoin.”
His statement comes at a time of pronounced instability in the cryptocurrency market. Specifically, Bitcoin remains under pressure as it tries to recover from a notable decline earlier in October.
Bitcoin Struggles to Regain Momentum
Bitcoin continues to battle volatility after a steep drop on October 10. While the asset has since rebounded to around $108,000, it remains roughly 14% below its recent all-time high of over $126,000, recorded earlier this month.
The decline has put major investors, including the infamous ‘whales,’ under pressure. According to data from CryptoQuant, newly formed whale wallets that accumulated Bitcoin near recent highs are now facing significant unrealized losses.
The firm estimates that these wallets hold Bitcoin at an average cost of approximately $113,000. Consequently, they are positioned roughly $6.95 billion underwater. This constitutes the largest unrealized loss among major holders since October 2023.
Hines Takes Lead in Tether’s U.S. Strategy
Bo Hines’ comments carry added weight given his growing influence at Tether, the issuer of the world’s most widely used stablecoin, USDT.
After leaving his role as Executive Director of the White House Crypto Council, Hines joined Tether on August 19, 2025. There, he assumed the role of strategic adviser.
In this position, he oversees the company’s U.S. market expansion and helps shape its digital asset policy in coordination with regulators and industry groups. His appointment underscores Tether’s push to strengthen its foothold in the American market as new regulations reshape the crypto landscape.
Tether Unveils U.S.-Regulated Stablecoin “USAT”
On September 12, Tether announced a new initiative to create USAT, a U.S.-regulated, dollar-backed stablecoin. The project, in turn, aims to reinforce the dollar’s role within digital finance.
The token will operate under the guidelines of the GENIUS Act, the landmark legislation that now regulates stablecoin issuance in the U.S.
As part of this expansion, Hines is set to take over as CEO of Tether U.S., the company’s new domestic arm responsible for overseeing the launch of USAT by December 2025. The move is seen as a key step in Tether’s strategy to bridge global liquidity with U.S. financial standards.
Tether Expands Bitcoin Reserves Despite Market Volatility
Moreover, Tether recently made one of its largest Bitcoin purchases of the year. The company added 8,889 BTC, worth approximately $1 billion, to its treasury.
According to Arkham Intelligence, the transfer originated from Bitfinex, a crypto exchange closely linked to Tether.
This acquisition has pushed Tether’s total Bitcoin holdings to nearly $10 billion. It further cements its position among the largest corporate holders of BTC.
As Bitcoin continues to hover below its record levels, the market awaits signs of recovery. For now, Hines’ words capture a broader sentiment among crypto believers: patience remains key during turbulent times.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
