Bitcoin continues to gain traction in the American political scene, with the best consultant to the encryption of President Donald Trump, Bo Heins, who shows openness to a bold idea – embracing Fort Nox golden reserves for Bitcoin. This possible step can reshape how the United States is offered digital assets and even put the way for Bitcoin as a national reserve.
Bitcoin in the name of “digital gold”
Heinz, who is the Executive Director of the Digital Asset holders in Trump, recently talked about the importance of Bitcoin, describing it as “digital gold”. He highlighted the idea that Bitcoin deserves recognition similar to material gold, which enhances the belief that the United States should be more open to digital assets.
In an interview with him recently with Fox Business Eleanor Terrett journalist, Hines stated that he was open to discuss the possibility of exchanging Fort Knox Gold to Bitcoin, provided that the budget remains neutral.
However, he pointed out that such a move should be a neutral of the budget, which means that it should not affect the taxpayers or the total government budget. Although there is no concrete plans, he indicated that the administration is going with innovative ideas in the encryption space.
Pay lummis to Bitcoin Reserve
This discussion is compatible with Senator Sinatia Lomes, who has long called for the Bitcoin National Reserve. Lummis previously suggested selling a portion of gold certificates in the Federal Reserve to get Bitcoin.
She suggested that she do for 2024 Bitcoin to buy a million BTC, which represents about 5 % of Bitcoin’s offer.
Although its initial bill did not gain strength, it recently re -presented the proposal at the Bitcoin Conference, which hindered the conversation about the inclusion of Bitcoin into national reserves.
Explore other cryptocurrencies as well
The discussion also touched on whether the administration would support Altcoins outside ETHEREUM, XRP, Solana and Cardano – Four Trump’s origins mentioned in the first national encryption reserve.
Heinz explained that although these assets highlight because of their dominance in the market, the administration is open to adopt wider encryption.
Bitcoin price analysis
As of now, Bitcoin is still in the spotlight at its price Hovering about 84,170 dollars With a market cover up to $ 1.67 trillion. Meanwhile, the encryption analyst Ali Martinez believes that in order for Bitcoin to continue in his upward direction, he must remain above 94,000 dollars. If this level is broken, BTC can rise to $ 112,000.
However, if the price decreases to less than 76,000 dollars, a sharp drop may follow to $ 58,000 or less.
