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News@lemmy.worldEnglish · 8 days ago

White House Says Gold Reserves May Be Used to Purchase Bitcoin

finance.yahoo.com

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White House Says Gold Reserves May Be Used to Purchase Bitcoin

finance.yahoo.com

Redditsux@lemmy.world to

News@lemmy.worldEnglish · 8 days ago

cross-posted to:
[email protected]

A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, ...

cross-posted from: https://lemmy.bestiver.se/post/289657

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pixxelkick@lemmy.world
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7 days ago
That’s probably a better way to put it yeah.

And as fucked as it is, it is a fact that this does hold value and is backed by it.

It’s just a pretty shit thing to be backed by ethically.

But nonetheless, there is value in bitcoin, it’s just best we don’t encourage further investment in such a thing.

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