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U.S. Eyes Gold Reserves to Buy Bitcoin?

coinpaprika.com

2 hour ago

U.S. Eyes Gold Reserves to Buy Bitcoin?

White House adviser Bo Hines has floated a bold new strategy: the U.S. might start buying Bitcoin using profits from its gold reserves. This plan could lead to the purchase of up to 1 million BTC over five years. The move is tied to the upcoming Bitcoin Act of 2025, which proposes to: Designate Bitcoin as a strategic U.S. assetKeep spending budget-neutral by selling Federal Reserve gold certificates Demonstrate strong U.S. commitment to digital assetsFormer President Donald Trump is reportedly backing the idea, aiming to position the U.S. as a global leader in crypto adoption through real action, not just words. If passed, this could dramatically reduce BTC supply and fuel historic market momentum. The move is tied to the upcoming Bitcoin Act of 2025, which proposes to: Designate Bitcoin as a strategic U.S. assetKeep spending budget-neutral by selling Federal Reserve gold certificates Demonstrate strong U.S. commitment to digital assetsFormer President Donald Trump is reportedly backing the idea, aiming to position the U.S. as a global leader in crypto adoption through real action, not just words. If passed, this could dramatically reduce BTC supply and fuel historic market momentum. Designate Bitcoin as a strategic U.S. asset Keep spending budget-neutral by selling Federal Reserve gold certificates Demonstrate strong U.S. commitment to digital assets Former President Donald Trump is reportedly backing the idea, aiming to position the U.S. as a global leader in crypto adoption through real action, not just words. If passed, this could dramatically reduce BTC supply and fuel historic market momentum.

https://coinpaprika.com/news/us-to-sell-gold-to-buy-bitcoin/