Post
Topic
Board Politics & Society
Re: Will America buy Bitcoin using it's gold reserve?
by
Die_empty
on 26/03/2025, 11:36:32 UTC
Hines mentions the Bitcoin Act of 2021, which is proposed by Senator Cynthia Lumis (Republican-YO), which supports the United States within five years, which supports about 5% of the total Bitcoin supply to the United States, which supports the acquisition.
Another striking information from the interview was the decision of the government to give Bitcoin a special status in the reserve policy. He stated that there will be a strategic reserve specifically for Bitcoin and a digital asset stockpile for other coins.

I would take it as a rumor, personally.
The gold reserves of the United States has been a particularly controversial topic through the years for obvious reasons. And talking about using a significant amount of them to buy an asset like Bitcoin will definitely find opposition from the democrat party (which harbors much anti-decentralization sentiments).
It is not a rumor, Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, is proposing a means to buy Bitcoin by adopting a budget-neutral strategy. He proposes to use the gains that the US has realised from gold investment to acquire Bitcoin.

https://cointelegraph.com/news/govt-realize-gains-gold-certificates-buy-bitcoin-bo-hines