White House official: US could potentially use its gold reserves to buy more Bitcoin

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On March 24, Trump's Presidential Digital Assets Advisory Council Executive Director Bo Hines stated in an interview that the United States could use the earnings from its gold reserves to purchase more Bitcoin. According to Hines, this could be a budget-neutral way to increase the country's Bitcoin reserves.

Hines cited the Bitcoin Act of 2025 proposed by Senator Cynthia Lummis, which advocates for the United States to acquire 1 million Bitcoins within five years, approximately 5% of the total Bitcoin supply. The Bitcoin purchase would be funded by selling the Federal Reserve's gold certificates.

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