The White House is exploring a new strategy to enhance the U.S. position in the cryptocurrency Market by potentially using profits from its gold reserves to acquire Bitcoin. Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, suggested that this approach would be “budget-neutral,” allowing for Bitcoin purchases without additional ...
A proposal to use blockchain technology to track U.S. gold reserves has generated interest but may not offer the same level of trustlessness as Bitcoin. Greg Cipolaro from NYDIG noted that while such a system could enhance transparency and auditing of gold reserves, it still depends on trust and cooperation with central authorities. This contrasts ...
The Governor of the Czech National Bank, Aleš Michl, is open to considering Bitcoin as part of the bank’s strategy to diversify its foreign exchange reserves. Currently, the bank mainly relies on traditional assets like gold to maintain low inflation and financial stability. While Michl acknowledges Bitcoin as an intriguing asset, he emphasizes there are ...
