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, ...
  • sfu@lemm.eeEnglish
    0·
    29 days ago

    The US has a bitcoin reserve? First I’ve heard of it. Whatever, but using gold to buy it makes no sense.

    • Redditsux@lemmy.worldOP
      0·
      29 days ago

      They don’t. It’s being floated. Trump said he’s going to create a reserve. Not an official act yet.

      • sfu@lemm.eeEnglish
        0·
        29 days ago

        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.”