Phyrex
Phyrex|Apr 12, 2025 19:04
Bo Hines, Executive Director of the US Presidential Advisory Council on Digital Assets, stated in an interview that the US can use the proceeds from its gold reserves to purchase more Bitcoin. According to Hines, this move may be a budget neutral way to increase the country's Bitcoin reserves. Hines mentioned the "Bitcoin Act 2025" proposed by Wyoming Senator Cynthia Lummis, which advocates for the United States to acquire 1 million bitcoins within five years, accounting for approximately 5% of the total BTC supply. This acquisition will be financed by selling gold held by the Federal Reserve. And the idea of reserving ETH, XRP, ADA, and SSOL was cited in the article. In general, it is a proposal to sell gold and buy BTC, but it is only an idea. Whether it can be implemented is still very early. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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