Trump White House Official: U.S. May Sell Gold Reserves to Buy Bitcoin

Bitcoin traders remain cautious as they await clarity on President Trump’s cryptocurrency strategy while the digital asset’s price stagnates around $85,000. Meanwhile, a senior White House official has revealed the administration is considering an innovative approach to national bitcoin acquisition: potentially converting U.S. gold reserves into the digital asset.

Bo Hines, serving as White House executive director of the president’s council of advisers on digital assets, outlined potential strategies for building America’s bitcoin holdings during an interview with the Crypto in America podcast.

“If we actually realize the gains on [the U.S. gold holdings], that would be a budget-neutral way to acquire more bitcoin,” Hines stated, adding that the administration has considered “countless ideas” and will implement the “best ideas” under Trump’s direction.

Hines specifically referenced Senator Cynthia Lummis’s Bitcoin Act of 2025, which proposes the United States purchase 1 million bitcoin—approximately 5% of the total supply—over a five-year period. This acquisition would be funded through the sale of Federal Reserve gold certificates.

The official’s comments align with his statements earlier this week at a cryptocurrency conference where he emphasized America’s bitcoin ambitions: “It’s high time that our president started accumulating assets for the American people, which is what president Trump is doing rather than taking it away.”

This accumulation strategy began with Trump’s executive order preventing the sale of bitcoin and cryptocurrencies that U.S. authorities have seized. The directive marks a significant shift in government approach to confiscated digital assets.

President Trump himself addressed the conference via pre-recorded message, reinforcing his administration’s pro-cryptocurrency stance. “You will unleash an explosion of economic growth,” Trump told attendees, promising to transform the United States into “the undisputed bitcoin superpower and the crypto capital of the world.”

These comments have reassured market participants about Trump’s commitment to cryptocurrency adoption and development. Cory Klippsten, CEO of bitcoin-only service Swan Bitcoin, remarked: “Bitcoin is rewriting the rules of wealth creation and economic freedom for all—a truth president Trump recognized at the Digital Assets Summit by vowing to make the U.S. a ‘bitcoin superpower.'”

Despite these positive signals, bitcoin’s price has remained relatively flat throughout March. Market analysts attribute this stagnation primarily to broader macroeconomic factors rather than cryptocurrency-specific concerns.

Ed Hindi, chief investment officer at Switzerland-based Tyr Capital, explained: “The bitcoin bearish price action is being driven by exogenous factors like trade wars, uncertainty about fiscal and monetary policies as well as geopolitics. The world is going through major structural changes, and we believe both bitcoin and gold will outperform other asset classes in the coming months.”

Hindi maintains an optimistic long-term outlook, suggesting bitcoin will likely find support around $75,000 while potentially reaching new heights above $125,000 in 2025.

The market now watches for concrete policy implementations from the Trump administration that could transform these statements into actionable economic strategies affecting bitcoin’s adoption and valuation.

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