White House digital asset policy adviser: Trump administration may use gold profits to increase Bitcoin reserves

03/22 05:10

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Bo Hines, the White House digital asset policy advisor, stated in a recent interview with Crypto In America that the Trump administration will explore innovative ways to provide funding for a Strategic Bitcoin Reserve (SBR) to ensure it does not increase the burden on American taxpayers. The United States can use the profits generated from its gold reserves to fund its strategic Bitcoin reserve. However, analysts believe that Bo Hines' statements are aimed at reassuring Americans, as a recent survey showed that 51% of Americans do not support the establishment of a strategic Bitcoin reserve, which has temporarily been placed as the last item on the list of federal funding priority areas.

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