The US can acquire more than 1 million Bitcoin in five years if authorities sell 15% of the country's gold reserves, analysts estimate.
New estimates from Singapore-based blockchain company Matrixport show that by selling 15% of its gold reserves, the US will be able to acquire 1.05 million Bitcoin (BTC) over the next five years.
In a March 7th X post, analysts said Sen. Cynthia Ramis has already proposed selling US gold reservoirs to fund the reserve, but they warned that such a move could potentially lead to increased volatility.
“Senator Cynthia Ramis' Bitcoin Act proposes that it will far exceed the $11 billion book value to acquire 1 million BTC over five years, using a golden market value of approximately $688 billion. This includes selling gold at market prices and reallocating revenue.”
Matrixport
The move comes as President Donald Trump prepares for the White House Script Summit, scheduled for Friday, March 7th. The first summit, hosted by the White House, is seen as a key step in Trump's push to establish the United States as the “crypto capital of the world.”
Trump's vision includes US strategic cryptocurrency reserves focused 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 previously reported by Crypto.News, reserves are funded with Bitcoin seized by the federal government through the forfeiture of assets. This means that taxpayers will not bear any costs.
White House AI and Crypto Czar David Sacks said the US government already has around 200,000 BTC, but a full audit has not been conducted. The executive order requires full accounting of federal digital assets, bans the sale of Bitcoin in reserves, and likens it to “Digital Fort Knox.”
