According to the source, Bo Hines, Executive Director of Digital Assets under former U.S. President Donald Trump, met with El Salvador’s President Nayib Bukele on June 5 in Washington, D.C. The private meeting focused on strengthening Bitcoin cooperation, renewing diplomatic ties through a shared belief in crypto sovereignty, and exploring the use of digital assets in international economic frameworks.
This unexpected encounter between two of the most influential political voices backing Bitcoin is already sending shockwaves across the crypto space.
A Renewed U.S.–El Salvador Crypto Axis?
Bo Hines, appointed as Trump’s top crypto strategist in early 2025, praised El Salvador’s pioneering Bitcoin policies and reaffirmed America’s interest in strategic coordination with Bitcoin-aligned nations.
“El Salvador has paved the way for sovereign Bitcoin adoption,” Hines said in an internal memo reviewed by local outlets. “We’re now exploring how the U.S. can collaborate with like-minded nations to redefine the future of money.”
El Salvador became the first country to adopt Bitcoin as legal tender in 2021 under Bukele’s administration, a controversial move that has since defined its economic policy direction.
Despite initial skepticism, the country has maintained and even expanded its BTC holdings, using price dips as buying opportunities. Now, under a friendlier geopolitical climate, Bukele’s bold strategy may be getting U.S. backing, a partnership that could shift how digital reserves are viewed globally.
Trump’s Crypto Strategy in Motion
While Trump is not currently in office, his campaign’s aggressive crypto positioning is gaining traction. Just last month, he announced plans to support U.S.-based Bitcoin mining, push for digital asset innovation hubs, and oppose CBDCs, which he called a threat to financial privacy.
This week’s meeting with Bukele appears to be a clear signal of those intentions. Hines reportedly conveyed that the U.S. aims to accumulate Bitcoin as a sovereign reserve asset, a strategy mirroring El Salvador’s.
According to analysts, this development could mark the early groundwork for a formal Bitcoin alliance between the two countries, one potentially driven by joint economic, technological, and strategic objectives.
International Response and Market Reaction
The crypto market has responded with a muted but optimistic tone. Bitcoin was trading at $104,999.59 at the time of the meeting, reflecting a 0.70% daily dip. However, analysts suggest that news of sovereign-level collaboration could provide bullish sentiment in the mid-term.
“This is more than a photo op,” said Meltem Aydemir, macro strategist at CryptoSlate. “It’s the clearest sign yet that nation-state Bitcoin reserves are not just a Salvadoran experiment, they may be a global trend.”
The timing of the meeting is also notable. Just days earlier, Hines met with Bilal Bin Saqib, CEO of the Pakistan Crypto Council, at the White House to discuss crypto reserve frameworks and digital asset cooperation. Pakistan has also shown interest in building a national crypto reserve.
What’s at Stake for El Salvador?
For Bukele, this meeting is more than a diplomatic win; it’s a strategic move to solidify El Salvador’s position as a global leader in Bitcoin adoption. With U.S. acknowledgment, the country may gain access to broader investment channels, partnerships, and technology infrastructure that can reinforce its crypto-centric financial architecture.
The Salvadoran president has long argued that Bitcoin is a tool for sovereignty, financial inclusion, and national growth. If the U.S. were to mirror even a fraction of this strategy, it could usher in a new era of crypto-aligned geopolitics.
FAQs
Why did Bo Hines meet President Bukele?
To discuss strategic cooperation on Bitcoin adoption and digital asset reserves between the U.S. (under Trump’s strategy) and El Salvador.
Is the U.S. planning to adopt Bitcoin as a reserve?
According to Hines, there are early-stage discussions to build a sovereign Bitcoin reserve if the Trump administration returns to office.
What is El Salvador’s Bitcoin strategy?
El Salvador made Bitcoin legal tender in 2021 and continues to accumulate BTC in its national treasury.
How did the market react to this news?
Bitcoin saw a slight dip, but the market sentiment remains cautiously optimistic about growing state-level adoption.
Glossary
Bitcoin Reserve Strategy – A national policy where countries accumulate Bitcoin as part of their foreign currency reserves.
Digital Assets Executive Director – A strategic governmental position focused on crypto regulation, innovation, and partnerships.
CBDC (Central Bank Digital Currency) – A digital form of a country’s fiat currency issued by its central bank.
Sovereign Bitcoin Adoption – When a nation officially integrates Bitcoin into its monetary or economic system.
Sources/References
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