A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, ...
Apparently, it does, as an act of E.O. that whole line concerns me - that they’ll use the budget to buy bitcoin while laying off workers and cutting social security.
From the article, sounds like they would only be using money made from the sale of the gold they already have. Basically, not spending any extra money, and in the end, just converting some gold to bitcoin. I’m not sure how the sale of gold certificates work.
This line in the article made it sound like it already exists:
“This move, according to Hines, could be a budget-neutral way to increase the country’s Bitcoin reserves.”
Apparently, it does, as an act of E.O. that whole line concerns me - that they’ll use the budget to buy bitcoin while laying off workers and cutting social security.
From the article, sounds like they would only be using money made from the sale of the gold they already have. Basically, not spending any extra money, and in the end, just converting some gold to bitcoin. I’m not sure how the sale of gold certificates work.