The U.S. government is implementing the Strategic Bitcoin Reserve (SBR) policy and exploring budget-neutral strategies to manage it. Bo Hines, the Executive Director on Digital Assets, suggests using gold certificates as a way to acquire more Bitcoin. These certificates are priced lower than actual gold, potentially enabling the government to profit when purchasing Bitcoin. The ...
A key cryptocurrency adviser from the White House revealed that the Trump administration is exploring ideas to enhance the U.S. Bitcoin holdings without raising the federal deficit. Bo Hines, leading the President’s Council of Advisers on Digital Assets, discussed potential budget-friendly strategies, including revaluing old gold certificates. Currently priced at $42.22 per ounce since the ...
The Trump administration is considering expanding its Strategic Bitcoin Reserve, with Bo Hines, head of the White House’s crypto council, exploring budget-friendly methods to acquire more Bitcoin. One proposal involves cashing in on the government’s gold certificates, which are undervalued compared to current gold prices, to fund Bitcoin purchases without impacting taxpayers. Hines emphasized the ...
