Donald Trump advisor Bo Hines hints that the U.S. may sell gold to buy Bitcoin!

Donald Trump advisor Bo Hines. Who has recently hinted that the US may sell its gold holdings and buy bitcoins in return. Although he hinted at this idea, he did not fully confirm it. If this happens, hopefully it will be very positive for the market. And hopefully if the US starts buying bitcoins as reserves and selling gold then we can see a good movement in the bitcoin market. On the other hand, if gold is sold, it may have an impact on the price of gold. Although we know that a few days ago, the newly elected President of the United States, Donald Trump, made a policy decision to reserve Bitcoin , Ether and some other coins as a reserve.

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President Trump announced plans to stockpile digital assets a few days ago and in the aftermath we saw the first crypto summit in history hosted by the president himself attended by people from major companies. However, shortly after Trump announced plans to stockpile the digital asset, the White House moved to defend bitcoin's special status. But interestingly, some of the coins being declared as reserves alongside Bitcoin included a number of large-cap altcoins. Even the country's commerce secretary has made it clear that bitcoin will be used differently from other listed altcoins. In addition to targeting bitcoin acquisitions, the Trump administration is making significant progress on cryptocurrency legislation through bipartisan cooperation.

Although this is undoubtedly a positive news at present, but despite such news, the market does not see much movement. Currently there is a stalemate. There is not much momentum in the market and the market looks like it is a boring market. Although there is not much negative news at this time, there is some concern about the war with Russia in Ukraine and the recent conflict between Israel and Palestine, as well as America's nerve war with China. But another thing is that sometimes such situations arise in the market to create panic in the mind of the common investor and drive them out of the market. Although currently the price of Bitcoin is trading around $84 thousand and in this position and hopefully Bitcoin can move towards $90 thousand or $95000 from here. But nothing can be said for sure here. If the US currently sells gold and starts buying bitcoins instead of gold, hopefully that will be very positive for the market. What do you think about it? You can share your opinion in the comment box.