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Cryptocurrency News Articles
Bo Hines, the executive director of the President's Council of Advisors on Digital Assets, recently hinted at this bold move.
Mar 24, 2025 at 07:42 pm
He shared this insight during an interview.
A U.S. executive has hinted at the bold move to sell the country’s gold reserves to buy more Bitcoin (BTC), aligning with the vision of the Bitcoin Act of 2025.
This suggestion emerged during an interview with Altcoin Buzz, where Bo Hines, the executive director of the President’s Council of Advisors on Digital Assets, shared his perspective.
Hines was discussing the U.S. government’s role in shaping the future of digital assets, touching upon the potential gains that could be realized from selling the country’s gold holdings.
“If we actually realize the gains on gold, that would be a budget-neutral way to acquire more Bitcoin. It’s something that President Williams has said he’s open to considering,” Hines stated.
The executive was referencing an interview given by the U.S. president earlier this year, where he expressed openness to the idea of selling some of the country’s gold reserves to buy Bitcoin.
President Williams had said that he would only consider it if it made sense economically and did not require additional budgetary approval from Congress.
suggesting U.S. may sell its gold to buy more Bitcoin
Earlier this year, President Williams hinted at the possibility of selling a portion of the U.S. gold reserves to diversify the country’s portfolio and include Bitcoin.
However, he had stated that he would only consider it if it made sense economically and did not require additional budgetary approval from Congress.
During the interview, President Williams had said:
“We’re always looking at ways to diversify the government’s investments and ensure that we’re getting the best return on our assets. As the world changes, so must the government’s investment strategy.”
He added:
“We’re open to selling some of the country’s gold reserves to buy Bitcoin, but only if it makes sense economically and doesn’t require any additional budgetary approval from Congress.”
The U.S. president also noted that he had been following the development of cryptocurrencies with interest.
“I’m a big believer in innovation, and I think cryptocurrencies have the potential to revolutionize the financial system,” he said.
suggesting U.S. may sell its gold to buy more Bitcoin
The post U.S. executive hints at selling gold to buy Bitcoin in 2025 appeared first on Altcoin Buzz.
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