The US government is looking at different ways to grow its Bitcoin
According to Bo Hines, who leads the Presidential Council of Advisers for Digital Assets, some of the options on the table include using tariff income and adjusting the value of the government’s gold certificates.
In an April 14 interview with Professional Capital Management CEO Anthony Pompliano, Hines explained that one possible strategy is to update the price of gold certificates held by the Treasury.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
How to Pick the Right NFTs? (Animated DOs & DON’Ts)
These certificates are currently recorded at $43 per ounce, far below today’s market rate of around $3,200. Changing that value could create a paper surplus that might be used to buy Bitcoin, without selling any gold.
Hines said the goal is to find every possible option. “Everything is on the table”, he noted, adding that the administration wants to gather as much Bitcoin as possible through responsible, cost-neutral methods.
He also shared that the first part of the government’s Bitcoin reserve would come from digital assets seized in criminal investigations. From there, the plan is to explore more cost-neutral ways to grow the reserve.
The conversation also touched on a larger effort underway at the White House, a full framework for how the country plans to handle digital assets. This new plan is expected to explain the government’s position on areas like tokenization, staking, and stablecoins.
On April 10, President Donald Trump approved a resolution that repeals a rule introduced during Joe Biden’s presidency. What did the rule cover? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
