White House officials: The United States may use its gold reserves to purchase more Bitcoin

BlockBeats News: On March 24th, Bo Hines, Executive Director of President Trump's Digital Asset Advisory Council, stated in an interview that the United States can use the proceeds from its gold reserves to purchase more Bitcoin. According to Hines, this move may be a budget neutral way to increase the country's Bitcoin reserves. Hines cited Senator Cynthia Lummis' 2025 Bitcoin Act, which advocates for the United States to acquire 1 million bitcoins within five years, accounting for approximately 5% of the total Bitcoin supply. Buying Bitcoin will raise funds by selling the Federal Reserve's gold certificates.