With an order to use budget-neutral strategies to manage the reserve, Bo Hines, US President Donald Trump's Executive Director on Digital Assets, suggests using gold certificates.
Now that the Strategic Bitcoin Reserve (SBR) is a formal government policy, its administrators are scrambling for ways to build and potentially sustain the plan.
With an order to use budget-neutral strategies to manage the reserve, Bo Hines, US President Donald Trump’s Executive Director on Digital Assets, suggests using gold certificates.
Hines shared many creative ideas on possible “budget-neutral” ways to buy more Bitcoins, and he sees gold certificates as one of the best options. He added that these certificates are priced less than actual gold, making it possible for the US government to realize gains when using them to buy Bitcoins.
Government Continues To Explore ‘Budget-Neutral’ Ways To Fund SBR
Trump’s announcement of the executive order on the crypto reserve was met with mixed reactions. Although many expected the government to approve the BTC reserve, many were disappointed with the initial plan not to buy new Bitcoin. Instead, its administrators are tasked with tapping digital assets already owned by the government or acquiring new ones through “budget-neutral approaches.”
Executive Director of the @WhiteHouse crypto working group @BoHines talks $BTC, ways to buy more of it and the thinking behind including $ETH, $XRP, $ADA and $SOL in the separate stockpile.https://t
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