White House has not ruled out using gold reserves to buy bitcoins

A senior White House official hinted at the possibility of the United States using its gold reserves to purchase more bitcoins. This is reported by UNN with reference to Benzinga.

Details

Bo Hines, CEO of the Presidential Council of Advisors on Digital Assets, suggested that the U.S. could benefit from its gold assets to buy more bitcoin.

According to Hines, this move could be a budget-neutral way to increase the country's bitcoin reserves.

Hines referred to the Bitcoin Act of 2025, proposed by Republican Senator Cynthia Lummis, which calls for the U.S. to acquire one million bitcoins over five years. This is approximately 5% of the total bitcoin supply. This acquisition is expected to be funded by the sale of Federal Reserve gold certificates.

"If we actually increase the U.S. gold reserves, it will be a budget-neutral way to acquire more bitcoins," Hines said.

He added that there are "many ideas" and the "best ideas" will be implemented by U.S. President Donald Trump.

Addition

U.S. President Donald Trump signed an executive order to create a special strategic bitcoin reserve for the United States.

According to the White House, this reserve will be filled with cryptocurrency seized in criminal investigations.