Bo Hines, the executive director of the president’s council of advisers on digital assets, has underscored the significance of Senator Cynthia Lummis’ Bitcoin Act of 2025, which proposes that the U.S. purchase 1 million bitcoins over five years through the sale of Federal Reserve gold certificates.

This initiative aligns with former President Donald Trump's vision for the U.S. to emerge as a leading Bitcoin superpower, reflecting a broader shift in cryptocurrency policy.

The White House is looking to bolster the U.S. position in the cryptocurrency market by utilizing profits from gold reserves to fund Bitcoin purchases.

If enacted, the Bitcoin Act could significantly enhance the U.S.'s presence in the global Bitcoin market and reshape Bitcoin's price dynamics.

The potential effects of this plan may lead to a substantial increase in Bitcoin's market price, although current macroeconomic pressures present challenges.

However, there is skepticism regarding the feasibility of using gold for Bitcoin purchases, with some advocating for taxpayer funding instead.

Max Keiser, a Bitcoin advisor for El Salvador, has indicated that countries like China and Russia could capitalize on any gold sold by the U.S. to bolster their own Bitcoin reserves.

The growing demand for Bitcoin is also supported by pro-Bitcoin regulatory frameworks in various U.S. states, alongside the introduction of Bitcoin reserves.

In contrast to gold-backed initiatives, President Trump aims to enhance the dominance of dollar-backed stablecoins, reflecting the ongoing debate in the cryptocurrency landscape.

Despite recent stagnation in the market due to these macroeconomic factors, Trump's commitment to Bitcoin has generated renewed confidence among investors.

Bitcoin traders are currently monitoring updates on Trump's plans, as Bitcoin's price has stabilized around $85,000 in March 2025.

Experts like Dom Kwok, a former Goldman Sachs analyst, suggest that selling gold to buy Bitcoin would be a groundbreaking move, potentially paving the way for further crypto asset acquisitions.