Trump adviser proposes selling gold to buy Bitcoin

Robert “Bo” Hines, an adviser to former President Donald Trump, discussed the possibility of the U.S. selling gold from Fort Knox to buy Bitcoin. He made these comments during an interview on Friday. Hines stated that if this gold sale could keep the budget balanced, it might be seen as a viable option. This is relevant because Trump had previously mentioned a Bitcoin Reserve plan, saying that future Bitcoin purchases should be "budget-neutral." Hines also mentioned Senator Cynthia Lummis' proposed legislation regarding Bitcoin. This bill aims to create a national Bitcoin reserve and includes plans to purchase 1 million Bitcoins over five years. He noted that the funding for these purchases would come from reallocating existing resources in the Federal Reserve system. In summary, discussions are underway about alternative ways for the U.S. to invest in Bitcoin while maintaining budget balance.