U.S. may swap gold for Bitcoin and reshape global asset strategy
U.S. may swap gold for Bitcoin
The United States could be on the verge of a historic shift in its asset strategy, as analysts propose liquidating a portion of the country’s gold reserves to build a national Bitcoin reserve.
Estimates from blockchain firm Matrixport, if the U.S. sells 15% of U.S. gold holdings—valued at approximately $688 billion—could allow the government to acquire over 1 million Bitcoin by 2030, according to Crypto News.
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A digital shift in U.S. reserves
The proposal aligns with Senator Cynthia Lummis’ Bitcoin Act, which advocates for leveraging the market value of gold to secure Bitcoin.
The concept gained momentum ahead of the White House Crypto Summit, hosted by former President Donald Trump on March 7. Trump, who has positioned himself as a pro-crypto candidate, has already signed an executive order to establish a Strategic Bitcoin Reserve.
The reserve is expected to be funded primarily by Bitcoin seized through federal asset forfeiture, ensuring no direct cost to taxpayers. However, some policymakers, including Lummis, suggest that selling gold at market prices could accelerate the process.
David Sacks, the White House AI and Crypto Czar, revealed that the U.S. government currently holds around 200,000 Bitcoin, though an official audit has never been conducted. The executive order mandates a full accounting of federal digital assets and prohibits the sale of Bitcoin in the reserve, likening it to a “digital Fort Knox.”
If implemented, the move could mark a fundamental shift in how the U.S. manages its reserves, positioning Bitcoin alongside gold as a strategic asset. However, analysts caution that such a transition could introduce significant market volatility and geopolitical uncertainty.
Meanwhile, Senator Ted Cruz is championing Texas as a global hub for Bitcoin innovation in the U.S., aligning the state’s resources with the growing digital asset industry. With three Bitcoin mining facilities in West Texas, Cruz is merging advocacy with action.
