White House officials: The U.S. may use its gold reserves to purchase more Bits.


Jinshi Data reported on March 24,
Bo Hines, the executive director of the President Trump's Digital Asset Advisory Council, stated in an interview that the United States could utilize the profits from its gold reserves to purchase more Bit.
According to Hines, this move could be a budget-neutral way to increase the country's Bitcoin reserves.
Hines cited the Bitcoin bill proposed by Senator Cynthia Lummis, which advocates for the U.S. to acquire 1 million Bitcoins within five years, accounting for approximately 5% of the total Bitcoin supply.
Raising funds to purchase Bitcoin will be done by selling the Federal Reserve's gold certificates.

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BTC-2,31%
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