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White House Says Gold Reserves May Be Used to Purchase Bitcoin (finance.yahoo.com)

submitted 3 months ago by geneva_convenience@lemmy.ml to c/nottheonion@lemmy.ml

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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.

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[–] RobotToaster@mander.xyz 40 points 3 months ago (8 children)

This is genuinely the Dumbest idea Trump's white house has come up with yet. Trading actual money for made up internet points.

[–] Sims@lemmy.ml 0 points 3 months ago (7 children)

I get your point, but normal money is just as fake a value as bitcrap..

[–] RobotToaster@mander.xyz 4 points 3 months ago

Fiat money yeah, but gold and silver have inherent value.

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