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White House Says Gold Reserves May Be Used to Purchase Bitcoin (finance.yahoo.com)
submitted 1 month ago by geneva_convenience@lemmy.ml to c/nottheonion@lemmy.ml
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A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC).

"If we actually realize the gains on the U.S. gold holdings, that would be a budget-neutral way to acquire more bitcoin," Hines said adding that there's been "countless ideas" and the “best ideas" will be enacted by President Donald Trump.

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[-] Sims@lemmy.ml 10 points 1 month ago

I get your point, but normal money is just as fake a value as bitcrap..

[-] oxysis@lemm.ee 33 points 1 month ago* (last edited 1 month ago)

I mean gold has actual value in jewelry, decorative, in electronics and probably other things that I can’t remember off of the top of my head. But it is actually valuable by itself so it’s stupid to swap it for something that fluctuates as heavy as bitshit

[-] untakenusername@sh.itjust.works 1 points 2 weeks ago* (last edited 2 weeks ago)

What gold and Bitcoin have in common is the fact that they both have very low inflation rates. If it wasn't for that, Bitcoin would be close to worthless

[-] RobotToaster@mander.xyz 4 points 1 month ago

Fiat money yeah, but gold and silver have inherent value.

this post was submitted on 25 Mar 2025
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