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US Eyes Gold Revalue to Fund Bitcoin Reserve, No Taxpayer Cash Needed
Key Takeaways
- The US aims to expand its Bitcoin holdings using non-taxpayer funds like tariffs and revalued gold certificates;
- Gold certificates held at $43/oz may be updated to market value, creating surplus funds for Bitcoin purchases;
- Seized crypto assets will kickstart the reserve, while a digital asset policy framework is due by July or August.
The US government is looking at different ways to grow its Bitcoin
According to Bo Hines, who leads the Presidential Council of Advisers for Digital Assets, some of the options on the table include using tariff income and adjusting the value of the government’s gold certificates.
In an April 14 interview with Professional Capital Management CEO Anthony Pompliano, Hines explained that one possible strategy is to update the price of gold certificates held by the Treasury.
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These certificates are currently recorded at $43 per ounce, far below today’s market rate of around $3,200. Changing that value could create a paper surplus that might be used to buy Bitcoin, without selling any gold.
Hines said the goal is to find every possible option. "Everything is on the table", he noted, adding that the administration wants to gather as much Bitcoin as possible through responsible, cost-neutral methods.
He also shared that the first part of the government’s Bitcoin reserve would come from digital assets seized in criminal investigations. From there, the plan is to explore more cost-neutral ways to grow the reserve.
The conversation also touched on a larger effort underway at the White House, a full framework for how the country plans to handle digital assets. This new plan is expected to explain the government’s position on areas like tokenization, staking, and stablecoins.
On April 10, President Donald Trump approved a resolution that repeals a rule introduced during Joe Biden’s presidency. What did the rule cover? Read the full story.