• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Bitcoin

Gold Profits Could Be Key To Gov’t Bitcoin Play, Trump Crypto Chief Says

Christian Encila
by Christian Encila
6 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Now that the Strategic Bitcoin Reserve (SBR) is a formal government policy, its administrators are scrambling for ways to build and potentially sustain the plan.

With an order to use budget-neutral strategies to manage the reserve, Bo Hines, US President Donald Trump’s Executive Director on Digital Assets, suggests using gold certificates.  

Related Reading: How Many Dogecoin Millionaires Are Out There? The Numbers Might Surprise You

Hines shared many creative ideas on possible “budget-neutral” ways to buy more Bitcoins, and he sees gold certificates as one of the best options. He added that these certificates are priced less than actual gold, making it possible for the US government to realize gains when using them to buy Bitcoins.

Government Continues To Explore ‘Budget-Neutral’ Ways To Fund SBR

Trump’s announcement of the executive order on the crypto reserve was met with mixed reactions. Although many expected the government to approve the BTC reserve, many were disappointed with the initial plan not to buy new Bitcoin. Instead, its administrators are tasked with tapping digital assets already owned by the government or acquiring new ones through “budget-neutral approaches.”

Executive Director of the @WhiteHouse crypto working group @BoHines talks $BTC, ways to buy more of it and the thinking behind including $ETH, $XRP, $ADA and $SOL in the separate stockpile. https://t.co/dBe1trxAAH pic.twitter.com/mz5Y5p4HgB

— Eleanor Terrett (@EleanorTerrett) March 21, 2025

According to Hines, one creative and budget-neutral way to fund Bitcoin acquisition is to use gold certificates. As a guest on the Crypto in America podcast, the exec expects potential gains using gold certificates since they’re cheaper than actual gold. Hines continued by pointing to the Lummis Act, where Senator Cynthia Lummis suggested tapping the potential of the gold certificates.

Pricing Of Gold Certificates Differs From Actual Gold Bullions

According to the Federal Reserve Bank of St. Louis, all gold certificates are assessed at their statutory price of $42.22 per troy ounce. In contrast, spot gold is priced at more than $3k per ounce. In Senator Lummis’ Bitcoin Act 2025, the Federal Reserve System’s gold certificates can potentially fund future purchases.

Bitcoin is now trading at $84,032. Chart: TradingView

Lummis’ bill requires the Fed banks to transfer their outstanding gold certificates under custody to the office of the Treasury Secretary. The secretary will then issue new certificates reflecting gold’s current and fair market value.

Hines Open To Suggestions On How To Grow SBR

Hines added that he welcomes additional suggestions and recommendations on how to grow and manage the Bitcoin reserve, provided they are not a burden on taxpayers. He said this is the primary intent of Trump’s crypto executive order signed on March 6th. Hines is looking to convene an inter-agency working group, and they will solicit information and suggestions from everybody.

Related Reading: Digital Euro Needed To Protect Europe’s Financial Sovereignty, ECB Expert Says

Currently, the government holds around 207,000 Bitcoins that were seized through civil and criminal proceedings. With 207k Bitcoin holdings, the US has the biggest BTC holdings among nation-states.

Featured image from Pexels, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

BNB Chain, bnb

BNB Chain To Host KBW25 And TOKEN2049 Side Events For Builders, Web3 Enthusiasts

1 hour ago
crypto

Australia Cracks The Whip: Crypto Exchanges Face Tough New Rules

3 hours ago
Best Altcoins to Buy as BNB to Slash Fees Amidst Aster Trading Chaos

Best Altcoins to Buy as BNB to Slash Fees Amidst Aster Trading Chaos

3 hours ago
US Senate to Discuss Crypto Taxation on October 1: Good for Altcoins like Best Wallet Token

US Senate to Discuss Crypto Taxation on October 1: Good for Altcoins like Best Wallet Token

6 hours ago
ASTER

Is ASTER The Next Big Thing? Exploring The Crypto’s 2,000% Surge And Binance Ties

7 hours ago
Bitcoin Hyper Presale Breaks $18M While Bitcoin Core v30 Upgrade Divides the Community

Bitcoin Hyper Presale Breaks $18M While Bitcoin Core v30 Upgrade Divides the Community

6 hours ago

Premium Sponsors

Press Releases

  • 加密錢包掀起發幣熱潮 Best Wallet...

    2 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    2 days ago
  • Snorter надхвърли $4 милиона след...

    3 days ago
  • ตัวละครสัตว์ Snorter หน้าตลกโผล่พ้นกำแพงอิฐ

    นักลงทุนแห่เข้าซื้อ...

    7 days ago
  • Little Pepe ($LILPEPE) presale crosses $25 million milestone as investors eye exchange listings and meme coin Layer-2 blockchain growth.

    Little Pepe Presale Surges Past $25M as Stage 12 Sells Out...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.