A top official of the White House said this week that the Trump administration is considering the rehabilitation decades of Gold certificates as a new way to expand the Bitcoin (BTC) holdings of the country without increasing the federal shortage.
Bo Hines, who leads the president of the president of advisers on digital assets, said during an interview about the crypto in America Podcast that the administration is open to budget-neutral methods for acquiring extra bitcoin for the strategic bitcoin reserve.
President Donald Trump recently allowed the establishment of a National Bitcoin Reserve earlier this month via executive order, indicating a broader shift in the US digital activist policy.
The government already checks around 207,000 BTC, largely obtained by forfeiture, making it the largest known Bitcoin holder among countries.
Golden revaluation
According to Hines, the administration actively thinks of many “creative” strategies to collect more Bitcoin.
He said:
“There have been countless ideas … If the budget neutral and the taxpayer does not cost a cent, we will see all the creative ideas that we can think of.”
One of the ideas that get grip includes recognizing the full market value of gold -supported certificates that remain priced far below their actual value.
According to current legislation, gold certificates from Federal Reserve Banks are valued at a fixed legal price of $ 42.22 per ounce, which has remained unchanged since the early 1970s.
Now that gold is now being traded above $ 3,000 per ounce, the difference between book value and market value represents a potential windfall – one that can be diverted to digital assets accumulation, Hines said.
The concept reflects provisions described in the Bitcoin Act of 2025, introduced by Senator Cynthia Lummis. The bill calls on the Federal Reserve to return outstanding Gold certificates to the treasury, who then re -publish them at a price that reflects the actual market value of the gold that they represent.
Proponents claim that revaluation can generate billions of non -realized profits -capital that can be allocated to strengthen the federal Bitcoin reserve. Legislers from the Senate and the house make two -part efforts to help legislation move forward.
Hines noted that no decisions were completed, but indicated that discussions are underway between authorities.
“We’re going to hear some huge ideas about how we can do it. I just don’t want to commit ourselves to what that actually looks, because I want to hear from everyone.”
Unique possession
Hines emphasized that the Bitcoin administration considers a unique asset class with characteristics that differ from other digital currencies. He added that his decentralized nature and fixed delivery make it particularly attractive as a long -term storage of value.
Hines noted:
‘David [Sacks] Like to say that it has the impeccable conception, which means that there is no issuer. It has intrinsic stored value, and it is traditionally accepted also value storage. We wanted to make that distinction [between stockpile and reserve]. “
The digital asset strategy of the administration includes individual tracks for Bitcoin and a wider “stock” of Altcoins, which are expected to be managed under various legal and regulatory frameworks.
Commerce Secretary Howard Lutnick previously emphasized that Bitcoin would be dealt with separately from other tokens under the executive order.
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