There’s another way to acquire BTC via Gold, without actually selling the gold.
The U.S. Department of the Treasury records these gold reserves at a statutory value of $42.22 per troy ounce, a rate established in 1973. That’s equivalent to only $11B. But they could revalue the gold to the current spot market value of ≈ $2,950 — equivalent to $770B. There’s already precedent to this, both in 1934 and 1973.
Now, the Government could issue special U.S. Gold-backed Reserve Bonds to be sold to investors. Each bond is collateralized by the newly revalued gold and could potentially offer some small variable yield of 0.1-1% depending on demand and profits, to make it more attractive vs. getting exposure via buying gold directly. These bonds would be extremely secure, since they are backed by gold and the U.S. Government, and attractive, compensating for the lack of passive income on gold.
These proceeds could be used to acquire Bitcoin. The 0.1-1% yield to be paid as interest to investors could be "paid for" with the appreciation of BTC over time, or from money earned from using BTC on financial markets.
If you want to make it more fun and crypto-aligned, instead of issuing Gold-backed Bonds, the Government, or newly appointed public-private entity, could create a stablecoin overcollateralized by the Gold held by the U.S. Government and always redeemable by the equivalent value of spot gold — something like $gUSD — unlocking billions in liquidity and potentially surpassing both USDT and USDC. New markets such as BTC/gUSD would be created for the Government to buy Bitcoin to be added to the Strategic Reserve.
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