Matrixport, a Singapore-based blockchain company, has shown in a new analysis that the United States could increase its digital assets by about 1.05 million Bitcoins (BTC) by selling only 15% of its gold reserves by 2030. This estimate aligns with Senator Cynthia Lummis’s proposal in the Bitcoin bill. Lummis suggests that the government should use the market value of its gold reserves, currently at $688 billion and far exceeding its book value of $11 billion, to finance the purchase of one million Bitcoins over a five-year period. This plan will be discussed at the White House digital currencies meeting on March 7. Previously, Donald Trump signed an executive order establishing a strategic Bitcoin reserve to be funded from assets seized by the federal government.
