A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC).
What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, suggested in an interview that the U.S. could capitalize on the gains from its gold holdings to purchase more Bitcoin.
This move, according to Hines, could be a budget-neutral way to increase the country’s Bitcoin reserves.
Hines referenced the Bitcoin Act of 2025, proposed by Sen. Cynthia Lummis (R-Wyo.), which advocates for the US to acquire 1 million Bitcoin, approximately 5% of the total Bitcoin supply, over a span of five years. This acquisition would be funded through the sale of Federal Reserve gold certificates.
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