US Government Explores Gold Revaluation, Tariffs to Buy Bitcoin

Generated by AI AgentCoin World
Tuesday, Apr 15, 2025 4:02 pm ET1min read

The US government is actively exploring various innovative methods to acquire more Bitcoin (BTC), according to a White House Advisor. In a recent interview, Bo Hines, the Executive Director of the Presidential Council of Advisors on Digital Assets, discussed several creative strategies that the government is considering. One of the proposed methods involves revaluing gold certificates held by the Treasury to match the current price of gold, which could then be used to purchase Bitcoin.

Hines highlighted that Senator Cynthia Lummis has proposed an interesting idea through the Bitcoin Act of 2025, which suggests revaluing the gold certificates. These certificates, which were issued as a form of representative money between 1865 and 1933, are currently valued at around $43 per ounce, significantly lower than the current market price of gold. By revaluing these certificates to their current market value, the government could generate additional funds to buy more Bitcoin, potentially using these funds for the reserve.

Another strategy being considered is the use of tariffs to acquire Bitcoin. Recently, President Donald Trump announced new international tariffs on nations such as Mexico, Canada, and China. Hines mentioned that officials are brainstorming various ideas, including obtaining BTC through tariffs. He emphasized that the government is exploring all possible avenues to acquire as much Bitcoin as possible, leaving no stone unturned.

Hines' comments reflect the growing interest within the US government in digital assets and the potential role they could play in the country's financial strategy. The exploration of these creative methods underscores the administration's commitment to leveraging innovative financial tools to enhance the nation's economic position. As the government continues to explore these options, it remains to be seen which strategies will be implemented and how they will impact the broader financial landscape.