The US White House is considering a bold move to integrate digital assets into the country's reserve strategy. According to Bo Hines, executive director of the President's Council of Advisers on Digital Assets, the government might leverage its gold reserves to acquire Bitcoin. This proposal is part of the Bitcoin Act of 2025, introduced by Senator Cynthia Lummis, which aims to build a strategic Bitcoin reserve of up to 1 million BTC over five years.
Key Points:
- Funding Mechanism: The purchase would be funded by selling Federal Reserve gold certificates, making it a budget-neutral strategy.
- Strategic Advantage: The US aims to become a global leader in Bitcoin and digital assets, potentially stabilizing and influencing Bitcoin's price and market dynamics.
- Possible Funding Options:
- Seized Bitcoin: Utilizing Bitcoin previously seized from illicit activities, currently around 200,000 $BTC .
- Sovereign Wealth Fund: Creating a fund to finance cryptocurrency acquisitions without relying on taxpayer dollars.
- Government's Objective: To establish a Strategic Bitcoin Reserve and a United States Digital Asset Stockpile, managed by the Secretary of the Treasury.