117

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

30 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[-] untakenusername@sh.itjust.works 1 points 3 weeks ago* (last edited 3 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

this post was submitted on 25 Mar 2025

117 points (100.0% liked)

Not the Onion

2583 readers

1 users here now

For true stories that are so ridiculous, that you could have sworn it was an !theonion worthy story.

founded 2 years ago

MODERATORS

FracturedPelvis@lemmy.ml