TechFlow reports, on March 24, according to Jinshi News, Bo Hines, Executive Director of President Trump's Digital Assets Advisory Committee, said in an interview that the U.S. could use proceeds from its gold reserves to buy more bitcoin. According to Hines, this approach could be a budget-neutral way to increase the country's bitcoin holdings.
Hines referenced Senator Cynthia Lummis's 2025 Bitcoin Bill, which proposes that the U.S. acquire one million bitcoins within five years—approximately 5% of bitcoin’s total supply. Funding for the bitcoin purchases would come from selling Federal Reserve gold certificates.
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