White House proposes buying Bitcoin with gold reserves

The White House has unveiled a bold plan to buy Bitcoin using funds from the country's gold reserves. This proposal is part of the Bitcoin Act of 2025, which aims for the U.S. to acquire 1 million Bitcoin over five years. The plan suggests selling Federal Reserve gold certificates to raise the necessary funds. Bo Hines, the executive director of the President's Council of Advisers on Digital Assets, spoke about this idea in a recent interview. He believes that tapping into the profits from gold holdings could allow the U.S. to purchase more Bitcoin without increasing the federal budget. He called this approach budget-neutral. If the Bitcoin Act of 2025 passes, it could significantly enhance America's influence in the global Bitcoin market. This initiative aligns with President Donald Trump’s vision of making the U.S. a leading Bitcoin superpower and a central hub for cryptocurrency. The proposal emphasizes the potential for the U.S. to impact Bitcoin's price and market dynamics. Hines stated that President Trump aims to accumulate assets for the American people through this plan, rather than taking resources away. In a pre-recorded message, Trump expressed his commitment to establishing the U.S. as a major player in the cryptocurrency space. The plan has generated discussions and a mix of reactions across the nation.