Us can Fort Knox Gold for Bitcoin sell it, what is “budget-neutral”, says Trump Adviser

Robert “Bo” Hines, executive director of the President of the President of advisors for digital assets, said that if the step of selling part of the gold in Fort Knox to buy Bitcoin, this could be taken into account.

Hines made the remark when he spoke to journalist Eleanor Terrett and Jacquelyn Melinek in an interview on March 21.

Note that President Trump signed an executive regulation on March 6 to build a strategic Bitcoin reserve that consists of BTC decay of federal authorities. The arrangement also mentioned that the government will acquire every Bitcoin in the future in a “budget -neutral” way.

During the interview, Terrett Hine asked if he could give an example of a budget -neutral way of buying Bitcoin. In response to this, Hines referred to the Bitcoin Bill from Senator Cynthia Lummis (R-WY).

The draft law of Senator Lummis, as soon as it is available by law, will codify Trump’s executive regulation. The legislation, said Hines, describes how the government could re -evaluate the true value of certain gold certificates. If the government recognized its profits after the reassessment, it could use the additional means to acquire more Bitcoin. “That would be a budget -neutral way to buy more Bitcoin,” said Hines.

Terrett further asked whether the government could “theoretically” sell part of the gold in Fort Knox to buy Bitcoin. “Well, if it is budget -neutral and the taxpayer does not cost a cent,” said Hines.

The Trump administration is open to “new ideas” and “innovative approaches” for crypto, he added.

Melinek interviewed Hines after the election of the five assets, ie Bitcoin, Ethereum, XRP, Solana and Cardano. Hines said that the government selected these special assets based on its market capitalization.

According to the on-chain analysis platform Arkham, the US government will hold USD 16.6 billion and 60,850 ETH worth $ 119 million on March 21, 198,109.