A White House advisor revealed the US government is cooking up some creative ways to get its hands on more Bitcoin (BTC). This includes some pretty unconventional ideas.
Revaluing Gold: A Bitcoin Bonanza?
One idea, suggested by Senator Cynthia Lummis, involves revaluing the government’s gold certificates. These certificates, issued years ago, currently undervalue the gold they represent. By updating their value to reflect the current gold price, the government could free up significant funds to buy Bitcoin.
Tariffs and Beyond: A Multi-Pronged Approach
The government isn’t stopping there. According to the advisor, they’re exploring many other options, including using revenue generated from tariffs on international trade to purchase Bitcoin. The advisor emphasized that they’re leaving no stone unturned in their quest to acquire as much Bitcoin as possible. The possibilities are endless, they say.
The Bottom Line
The US government’s interest in Bitcoin is clearly growing, and they’re actively exploring diverse and potentially unconventional methods to increase their holdings. Whether these strategies will prove successful remains to be seen.
