The United States could amass more than 1 million Bitcoin over the next five years if authorities decide to sell a portion of the country’s gold reserves, according to a new analysis by Singapore-based blockchain firm Matrixport.
In a March 7 post on X, Matrixport analysts estimated that selling 15% of the U.S. gold reserves—valued at approximately $688 billion at market prices—could generate enough capital to acquire 1.05 million BTC.
Notably, the proposal aligns with the BITCOIN Act, a legislative initiative introduced by Senator Cynthia Lummis, which advocates reallocating funds from gold sales to Bitcoin investment. However, analysts caution that such a move could introduce significant market volatility.
The proposal follows U.S. President Donald Trump’s signing of an executive order to establish a Strategic Bitcoin Reserve and a broader digital asset stockpile. This initiative focuses on accumulating assets such as Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). The reserve will be funded through Bitcoin seized by the federal government via asset forfeiture rather than taxpayer money.
According to White House AI and Crypto Czar David Sacks, the U.S. government currently holds an estimated 200,000 BTC, though a comprehensive audit of federal digital asset holdings has never been conducted. The new executive order mandates a full accounting of these assets and prohibits selling Bitcoin from the reserve, likening it to a “digital Fort Knox.”
These moves appear to be part of Trump’s broader effort to position the U.S. as a global leader in cryptocurrency. On March 7, Trump is set to host the first-ever White House Crypto Summit, marking a major step in his administration’s crypto strategy.
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