Will The United States Dump Gold For Bitcoin? A Geoeconomic Shift In Real Time
The post Will The United States Dump Gold For Bitcoin? A Geoeconomic Shift In Real Time appeared on BitcoinEthereumNews.com.
The Dawn of a New Reserve Era? From Gold, to Treasuries to Bitcoin The United States has long relied on the dollar and U.S. Treasuries as the twin pillars of its economic, fiscal and monetary strategies. But what happens when these instruments lose their luster? According to the Bitcoin Policy Institute’s Head of Policy, Zack Shapiro, the current financial system is entering a historic inflection point. In a recent interview for the Bitcoin Policy Hour, he noted “If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock,” going on to say: “We probably go very quickly to something like a million dollars per Bitcoin.” And while the changing monetary order, a potential movement from Treasuries as the reserve asset towards Bitcoin, is largely evident for those with eyes to see, the paths that can be taken on that journey are myriad and gold’s role is the largest question mark facing the market. Recent discussions around revaluing U.S. gold holdings — still officially priced at $42.22 per ounce — could unleash nearly $1 trillion in new purchasing power should the U.S. decide to draw upon it. What would the U.S. do with that windfall? If BPI’s policy thinkers are right, it might be deployed to acquire a strategic Bitcoin reserve in a budget neutral manner in alignment with the remit of the Strategic Bitcoin Reserve Executive Order. Gold Is Ancient. Bitcoin Is Strategic. Matthew Pines, Executive Director of BPI, frames the choice in stark geoeconomic terms. “In terms of strategic leverage, there’s an asymmetric advantage for the United States to having Bitcoin monetize relative to gold,” he noted. Pines went to note that the U.S. and its population owns ~35% of all Bitcoin in circulation — a ratio that gives Washington serious incentive…
Filed under: News - @ April 16, 2025 7:28 pm