U.S. Plans to Use Gold Reserves to Buy Up to 1 Million BTC
White House adviser Bo Hines proposed a strategy for the U.S. to buy Bitcoin using profits from gold reserves. The plan could result in purchases of up to 1 million BTC over five years.
This initiative is linked to the forthcoming Bitcoin Act of 2025, which aims to:
- Designate Bitcoin as a strategic U.S. asset
- Maintain budget neutrality by selling Federal Reserve gold certificates
- Show strong U.S. commitment to digital assets
Former President Donald Trump supports this initiative, aiming to enhance U.S. leadership in crypto adoption. If enacted, it could significantly reduce BTC supply and drive market momentum.