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

submitted 2 weeks 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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[–] untakenusername@sh.itjust.works 1 points 3 days ago

Oh definitely, memecoins and even more credible coins like Solana, the creators of them always own some vast fraction of the value.

More established stuff like Bitcoin or (maybe) Etherium have more reasonable wealth distributions, but most of the newer coins arent like that.