Commentators for Crypto Industry believe that it would be beneficial for the US to leverage gold holdings to win Bitcoin.
This is what Bo Hines, director of the Presidential Working Group of Cryptocurrency, suggested that reassessing the value of gold to make profits and acquire Bitcoin is one of the budget-neutral options the government is investigating in pursuit of BTC preparations.
Hines Share This perspective during an interview with American podcast host Eleanor Terrett with Crypto. During the conversation, Hines cited the 2025 Bitcoin Act. This was introduced by Senator Cynthia Ramis. The plan funds the acquisition by reevaluating the Federal Reserve’s certificate of gold.
Hines noted that US gold certificates have significantly increased in value over the past few years since the last classification. He said that if the government recognizes these breached benefits, it will allow them to earn more Bitcoin without affecting taxpayer money.
This confirmation from a senior White House official sparked excitement in the crypto community.
Bitcoin gold will be “huge”
“Selling gold to buy bitcoin is huge.” Dom Kwok, a former investment bank analyst at Goldman Sachs, said a revaluation does not necessarily lead to gold sales. According to Kwok, such a move would open up the way the US government acquires other crypto assets on the streets.
It is noteworthy, however, that Trump’s executive order to establish holdings of Bitcoin and altcoin specified that no further acquisitions of Altcoin would take place. Only Bitcoin can see further acquisitions, even that is done in a budget-neutral way.
However, they are skeptical about the US using gold to buy Bitcoin. Stratlonesoldier, a community member, said that he would rather the US spend taxpayer money to buy Bitcoin, rather than using gold reserves to buy BTC.
China and Russia are stupid stablecoins to buy us money
Max Kaiser, president of El Salvador Bitcoin Advisor, also commented on the development. According to Keizer, Russia and China will buy the gold sold by the US to support new gold-backed Stablecoin.
Meanwhile, he also noted that both of these countries will add BTC to their strategic reserves. Keizer argued that potential buybacks of gold from the US would reduce dependence on the global USD hegemony.
“The plan is to have gold-backed stubcoins and the largest Bitcoin strategic reserve in the world.” Kaiser said.
Russia and China will buy the gold sold by the US to support new gold stabilization coins.
They are also adding BTC to their strategic reserves.
🇷🇺🇨🇳 Goal. Remove the world of USD hegemony.
Gold Stubcoin and The, which have the world’s largest Bitcoin strategic reserve, are planning. pic.twitter.com/ufpzis7qqo
– Max Keizer (@maxkeiser) March 23, 2025
Meanwhile, President Trump is aiming to make dollar-backed stubcoins even more dominant than they are now.
