Author: C Labs Crypto Observation
Bo Haynes, Executive Director of Trump's Digital Asset Advisory Council, stated in an interview that the United States could use the earnings from its gold reserves to purchase more Bit.
Haynes cited the 2025 Bit Coin Act being pushed, which advocates for the US to acquire 1 million Bit within five years, approximately 5% of the total Bit supply.
When it comes to the most sensitive funding source, Haynes said that purchasing Bit would be financed by selling the Federal Reserve's gold certificates.
Bo Haynes, whom we have previously introduced (head of the crypto committee appointed by Trump, a football star!), as a Gen Z, indeed makes shocking statements!
This news has been widely republished in US mainstream media, including Forbes/CNN/Telegraph.
However, from a realistic perspective, any major policy changes involving gold reserves typically require congressional approval and detailed legislative procedures, making it unlikely to be quickly implemented through an executive order.
The United States owns the world's largest gold reserves (approximately 8,133 tons), stored at the Federal Reserve and military bases, primarily used to support the dollar's credit and address economic crises.
Recently, Musk and Trump both publicly announced investigations into the actual inventory of US gold reserves (Could the US gold reserves be fake?!). Moreover, when this news was released, it triggered a massive gold flow back to the US, even setting a historical record.
If there are indeed issues with US gold reserves, could using Federal Reserve gold certificates to exchange for Bit precisely compensate for the spot gold deficit?
After all, investors purchasing gold certificates cannot extract spot gold from the vault.
Now, let me briefly introduce the Bit Coin Act:
The act was proposed in the US House of Representatives and Senate on March 11, 2025, aiming to establish a "Strategic Bit Coin Reserve", planning to purchase 1 million Bit (approximately 5% of the total 21 million Bit supply) through the US Treasury within five years, with a commitment to hold for at least 20 years.
This reserve will be primarily funded through existing federal funds (such as Federal Reserve surplus or gold certificate revaluation), with the goal of "not burdening taxpayers".
Additionally, President Trump signed an executive order on March 6, 2025, officially establishing the "US Strategic Bit Coin Reserve", initially using approximately 200,000 Bit obtained through government criminal and civil forfeiture procedures.
The Bit Coin Act further seeks to legalize the reserve policy, ensuring it remains unaffected by future administrative changes.
