Rumors are swirling that the U.S. government could be preparing to make a major Bitcoin move, potentially investing up to $100 billion. While it may sound like a bold idea, Sebastian Bea, President of Coinbase Asset Management, argues that it’s not as far-fetched as it seems.
In a recent interview, Bea explained how a small accounting change could unlock enough value for the government to invest in Bitcoin, all without increasing the national debt or printing new money.
Currently, U.S. gold reserves are still listed at the 1973 price of $42.22 per ounce, despite gold now trading at over $3,300 per ounce. This discrepancy leaves a nearly $900 billion gap between the gold’s book value and its real market value. Bea suggests that a simple update in legislation to reflect the true value of gold could open the door to a significant financial gain.
The key to making this work is amending 31 U.S.C. § 5117, which would allow the U.S. Treasury to issue higher-value gold certificates. This could effectively create a sovereign wealth fund, with the capital used to purchase Bitcoin. Bea’s strategy aligns with the proposed BITCOIN Act from Senator Cynthia Lummis, which calls for the U.S. Treasury to purchase one million Bitcoin over five years—without adding to the federal deficit.
The implications of such a move would be massive. Buying 5.5% of Bitcoin’s market cap would send shockwaves through the global market, potentially triggering other governments to follow suit as they look to remain competitive in an increasingly digital world.
While Bea has not set a specific timeline, he suggested that the U.S. could make this move as soon as 2025 if the political momentum is right. With Bitcoin currently hovering around $94,000, a U.S. investment of this scale could push the cryptocurrency’s price even higher, setting the stage for a new era of Bitcoin adoption by nation-states.
The path to a U.S. Bitcoin reserve might be shorter than we think—especially if Congress decides to make a small but powerful legislative change. The potential impact? A massive new chapter for Bitcoin and its place in the global economy.
The U.S. government could invest in Bitcoin by revaluing its gold reserves, which would unlock significant capital. This method avoids the need to print new money or increase debt.
Similar to how central banks increased gold purchases last year, other governments may follow the U.S. lead in investing in Bitcoin to stay competitive in a digital-first economy.
A Strategic Bitcoin Reserve refers to a large accumulation of Bitcoin by a government or institution, treating it as a reserve asset akin to gold or foreign currencies. This could be used to stabilize the economy or strengthen national financial security.
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