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

Odaily News Bo Hines, executive director of President Trump's Digital Asset Advisory Council, said in an interview that the United States could use the proceeds from its gold reserves to buy more Bitcoin. According to Hines, this move 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 that the United States obtain 1 million Bitcoins within five years, accounting for about 5% of the total supply of Bitcoin. The purchase of Bitcoin will be funded by selling gold certificates from the Federal Reserve. (Jinshi)