The United States could accumulate over 1 million Bitcoin in the next five years if authorities decide to sell 15% of the country’s gold reserves, according to estimates from Singapore-based blockchain firm Matrixport.
Gold for Bitcoin: A Strategic Shift?
A new report by Matrixport suggests that liquidating 15% of U.S. gold reserves—equivalent to approximately $688 billion at market value—could allow the government to purchase 1.05 million BTC by 2030. This proposal aligns with a broader effort to expand the U.S. Strategic Cryptocurrency Reserve, a new initiative aimed at solidifying America’s position in the digital asset space.
In a post on X (formerly Twitter) on March 7, Matrixport analysts pointed to Senator Cynthia Lummis’ BITCOIN Act, which proposes reallocating a portion of gold reserves toward Bitcoin acquisition. However, analysts warn that selling large amounts of gold could introduce market volatility.
“Senator Cynthia Lummis’ BITCOIN Act proposes using the market value of gold—currently around $688 billion, far exceeding its $11 billion book value—to acquire 1 million BTC over five years. This could involve selling gold at market prices and reallocating the proceeds.” – Matrixport
Trump’s Crypto Strategy Gains Momentum
This proposal comes as President Donald Trump prepares for the White House Crypto Summit on March 7, a landmark event reinforcing his administration’s commitment to making the U.S. the ‘crypto capital of the world.’
Trump’s vision includes a U.S. Strategic Cryptocurrency Reserve, prioritizing Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as key assets. The president has already signed an executive order establishing a Strategic Bitcoin Reserve, which will be funded through Bitcoin seized via asset forfeiture, ensuring that taxpayer money isn’t used for the initiative.
Current US Bitcoin Holdings & The “Digital Fort Knox”
According to White House AI and Crypto Czar David Sacks, the U.S. government already holds around 200,000 BTC, though a full audit has not yet been conducted. The newly signed executive order mandates a comprehensive accounting of federal digital asset holdings and prohibits selling Bitcoin from the reserve, comparing it to a “digital Fort Knox.”
With increasing government focus on cryptocurrency, analysts are now closely watching whether the U.S. will move forward with reallocating gold reserves to expand its Bitcoin holdings, a decision that could significantly impact both crypto and traditional financial markets in the years to come.
