The Bitcoin Policy Institute’s executive director, Matthew Pines, says the Trump administration’s silence on a Strategic Bitcoin Reserve (SBR) is calculated, not complacent. In a new interview with Natalie Brunell, he argues Washington is deliberately studying how to graft Bitcoin—“digital gold”—onto the dollar system while geopolitical and financial conditions ripen. “Chekhov’s gun has been put on the table and we’re in Act One,” he said, implying the policy will remain quiet until events force a decision.
Pines frames the aim bluntly: counter China’s gold accumulation by elevating Bitcoin inside the US reserve mix. “A clever counter move would be pivoting to digital gold while China anchors on legacy gold,” he said, noting Bitcoin is roughly “10 percent of gold’s market cap.” He belie