Robert “Bo” Hines, the executive director of the President’s Council of Advisers on Digital Assets, addressed the media on Friday.
- Hines stated that if selling a portion of the gold reserves in Fort Knox to purchase Bitcoin remained budget-neutral, it could be a viable option.
This topic gained attention following Trump’s announcement of a Bitcoin Reserve earlier this month, where he mentioned that the government would aim to acquire Bitcoin in the future through “budget-neutral” methods.
During the interview, Hines also cited Senator Lummis’ BITCOIN bill as a prime instance of a budget-neutral approach to purchasing Bitcoin.
- Highlights of the Lummis legislation include:
- the establishment of a bitcoin strategic reserve
- directing the government to buy 1 million bitcoins over a five-year period
- financing for these bitcoin acquisitions would originate from “diversifying existing funds” within the Federal Reserve system
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