The United States could acquire over 1 million Bitcoin in five years if the authorities were to sell 15% of the country’s gold reserves, analysts estimate.
Selling 15% of its gold reserves could enable the U.S. to acquire 1.05 million Bitcoin (BTC) in the next five years, according to new estimates from Singapore-based blockchain firm Matrixport.
In an X post on March 7, analysts noted that to fund the reserve, Senator Cynthia Lummis has already proposed selling U.S. gold reserves, although they cautioned that such a move could potentially lead to increased 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
The move comes as U.S. President Donald Trump prepares for the White House Crypto Summit, scheduled for Friday, March 7. The summit, the first of its kind hosted by the White House, is seen as a key step in Trump’s push to establish the U.S. as the “crypto capital of the world.”
Trump’s vision includes a U.S. Strategic Cryptocurrency Reserve, which would focus on Bitcoin, Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA).
Trump has already signed an executive order to create a Strategic Bitcoin Reserve. As crypto.news reported earlier, the reserve will be funded with Bitcoin seized by the federal government through asset forfeiture, meaning taxpayers won’t bear any cost.
White House AI and Crypto Czar David Sacks noted that the U.S. government already holds around 200,000 BTC, though a full audit has never been conducted. The executive order mandates a complete accounting of federal digital asset holdings and prohibits the sale of Bitcoin in the reserve, likening it to a “digital Fort Knox.”
