A White House Advisor says that the US government is devising creative ways to accumulate more Bitcoin (BTC), including the possibility of tariffs.
In a new interview on crypto influencer Anthony Pompliano’s YouTube channel, Bo Hines – Executive Director of the Presidential Council of Advisors on Digital Assets – says that one way the government could obtain more BTC is by revaluing gold certifications held by the Treasury.
According to Hines, if the government could match the value of its gold certificates with the current price of gold, they could then use the boosted proceeds to purchase the crypto king, an idea originally pitched by pro-crypto Senator Cynthina Lummis.
“I think that Senator Lummis has really an interesting idea with the Bitcoin Act of 2025, which I know has taken the community by storm.
What [we] would do is you’d revalue the gold certificates that we currently have at Treasury, most of which are valued I think around like $43 an ounce, which is a lot lower than what it’s really worth.
So now we’re sitting at $3,100 an ounce… If you took that value, what you could do is use that extra funding in order to buy more Bitcoin. That could be used for the reserve, but that’s just one idea that’s currently circulating its way through Capitol Hill and we’ll see how many co-sponsors she can get.”
The US government issued gold certificates as a form of representative money between 1865 and 1933. They were documents that proved ownership of a specific amount of gold.
Hines goes on to note that officials are brainstorming ideas and one of them being thrown around is obtaining BTC through tariffs. Recently, President Donald Trump announced new international tariffs on nations such as Mexico, Canada, and China.
“We’re looking at many creative ways, whether it be from tariffs. Whether it be from something else. I mean there’s literally countless ways in which you can do this… Everything’s on the table and like we’ve said, we want as much [BTC] as we can get, so we’re going to make sure that no stone is unturned.”
BTC is trading for $84,904 at time of writing, a 1% gain on the day.
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