U.S. Government Denies Gold Purchase for Bitcoin Reserve

The U.S. government has denied claims that it plans to use gold reserves to purchase Bitcoin. Official sources confirm that the U.S. Strategic Bitcoin Reserve is funded through seized Bitcoin assets, with no intention to involve gold reserves.

This denial comes amid unverified reports suggesting a shift in asset funding strategy. Key figures including President Donald Trump have emphasized standard methods without specifying gold sales, affirming commitment to budget-neutral acquisition approaches.

The rumor reportedly impacted market sentiment briefly, with concerns about potential shifts in fiscal policy. The lack of verified action from authorized sources has maintained stability in gold markets, avoiding speculative impacts. Micah Zimmerman discusses the topic more on Twitter:

Hitherto, the U.S. has relied on forfeited Bitcoin for the reserve’s foundation, with no legislative move to liquidate gold for cryptocurrency. Proposals like the BITCOIN Act explore additional purchases under current frameworks.

Market experts observe that while strategic asset allocations are evolving, regulatory limitations persist. Insights indicate that current reserve strategies focus on already seized assets, staying within legal and fiscal boundaries.

The current strategy could boost long-term Bitcoin recognition without disrupting existing commodity reserves. “The original intent was to own one million bitcoins, so I actually think they will start buying,” explained Cathie Wood, Founder of ARK Invest, adding that “If we get the U.S. not just adding confiscated bitcoin to a strategic reserve but actually out there buying, that would set off what we’re all waiting for — the scarcity value to reassert itself.”