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White House Digital Asset Policy Advisor: The Trump administration may use gold profits to increase Bitcoin reserves.
According to a report by Jinse Finance, Bo Hines, a digital asset policy advisor at the White House, stated in a recent interview with Crypto In America that the Trump administration will explore innovative ways to fund the Strategic Bitcoin Reserve (SBR) without increasing the burden on American taxpayers, and that the U.S. could use the profits generated from its gold reserves to finance its Strategic Bitcoin Reserve. However, analysts believe that Bo Hines' remarks are aimed at reassuring Americans, as a recent survey showed that 51% of Americans oppose the establishment of a Strategic Bitcoin Reserve, which has temporarily been placed at the bottom of the federal funding priority list.