(Washington) – The White House is considering using U.S. gold reserves to purchase bitcoins as part of a new strategy to expand the country’s digital asset holdings, a senior official has suggested.
Bo Hines, CEO of the Presidential Council of Advisors on Digital Assets, indicated that utilizing gold reserves could provide a budget-neutral method for increasing the nation’s bitcoin reserves. His remarks come in connection with the proposed Bitcoin Act of 2025, introduced by Republican Senator Cynthia Lummis. The bill calls for the United States to acquire one million bitcoins over five years, representing roughly 5% of the total bitcoin supply. This acquisition would reportedly be financed through the sale of Federal Reserve gold certificates.
Hines stated that if the United States were to increase its gold reserves, the plan would remain budget-neutral while allowing for significant cryptocurrency investment. He also noted that several ideas are under consideration, with the final strategy to be determined by President Donald Trump.
The White House has already taken steps to build a strategic bitcoin reserve. President Trump recently signed an executive order directing that cryptocurrency seized in criminal investigations be added to this reserve.
Bitcoin Acquisition Plan Overview
| Initiative | Details |
|---|---|
| Bitcoin Act of 2025 | U.S. to acquire 1 million bitcoins over five years |
| Funding Method | Sale of Federal Reserve gold certificates |
| Budget Impact | Planned to be budget-neutral |
| Strategic Reserve | Funded by seized cryptocurrency assets |
The proposal has sparked debate over the potential financial and economic implications of linking U.S. gold reserves to bitcoin acquisition. Critics argue that such a move could introduce financial risk, while supporters believe it positions the U.S. as a leader in digital asset adoption.
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