{"id":5151,"date":"2025-05-01T13:00:36","date_gmt":"2025-05-01T13:00:36","guid":{"rendered":"https:\/\/coinscap.info\/blog\/us-could-buy-100-billion-in-bitcoin-this-year-coinbase-exec\/"},"modified":"2025-05-01T13:00:36","modified_gmt":"2025-05-01T13:00:36","slug":"us-could-buy-100-billion-in-bitcoin-this-year-coinbase-exec","status":"publish","type":"post","link":"https:\/\/coinscap.info\/blog\/us-could-buy-100-billion-in-bitcoin-this-year-coinbase-exec\/","title":{"rendered":"US Could Buy $100 Billion In Bitcoin This Year: Coinbase Exec"},"content":{"rendered":"

Sebastian Bea, president of Coinbase Asset Management, believes a technical change to the way Washington accounts for its gold could unlock enough budget-neutral capital for a strategic Bitcoin purchase approaching $100 billion\u2014years ahead of market expectations.<\/p>\n

In a 40-minute appearance<\/a> on The Scoop with Frank Chaparro released Wednesday, Bea framed the idea as hiding in plain sight. \u201cSometimes the ideas are so big that people either can\u2019t hear them or don\u2019t want to hear them,\u201d he said at the top of the interview. \u201cBut they\u2019ve got to listen to this one.\u201d<\/p>\n

By statute, the 261.5 million-ounce US gold hoard is still recorded at $42.22 per ounce\u2014a valuation fixed in 1973. At Wednesday\u2019s spot price of roughly $3,303, the gap between book value and market value is almost $900 billion.<\/p>\n

\u201cSo today, because of law, the US government still values gold that it holds in Fort Knox at $42 and change,\u201d Bea noted. \u201cIf they were to just mark that to market, that\u2019s an incremental 900 to \u2026 I heard a billion to a trillion dollars.\u201d<\/p>\n

From Mark-To-Market To Bitcoin<\/h2>\n

Bea\u2019s central contention is that Congress could pass a short bill amending 31 U.S.C. \u00a7 5117, re-strike higher-denomination gold certificates, and credit the revaluation gain to a sovereign-wealth-style account at Treasury in line with US president Donald Trump\u2019s executive order for a strategic Bitcoin reserve\u2014without adding to headline federal debt.<\/p>\n

\u201cWhen the revaluation occurs, that creates a $900 billion mark-to-market gain, which the Treasury could then take [\u2026] in a budget-neutral manner to go and buy a variety of things. We think probably including Bitcoin,\u201d he said.<\/p>\n

His arithmetic mirrors Senator Cynthia Lummis\u2019 BITCOIN Act, introduced earlier this year, which directs Treasury to acquire one million BTC (around $100 billion at prevailing prices) over five years while remaining deficit neutral.<\/p>\n

Bea argued that a US purchase of that size\u2014about 5.5% of Bitcoin\u2019s $1.8 trillion market capitalization\u2014would almost certainly prompt other states to respond. \u201cIt\u2019s hard to see a situation where other governments don\u2019t feel compelled in some way to measure up,\u201d he said, adding that the dynamic could resemble the \u201ccompetitive situation\u201d in gold, where central banks bought a record 1,037 tonnes last year.<\/p>\n

Central bank demand for gold is motivated by \u201cthe overall level of debt that they see and the concerns around the global economy,\u201d Bea said. \u201cSo does it seem so crazy to maybe save in some Bitcoin at, say, a ninety-to-ten ratio, given the whole world is going online?\u201d<\/p>\n

How Soon Is \u2018Sooner Than Expected\u2019?<\/h2>\n

Bea would not commit to a precise timetable but told Chaparro that the legal change \u201ccould be this year.\u201d He suggested the trigger could come from legislators seeking an offset for new outlays\u2014or from Treasury itself if political momentum builds behind the Lummis bill.<\/p>\n

\u201cAs soon as you understand the pipes of how banks and how the government works,\u201d he concluded, \u201cyou realize they can revalue gold and buy Bitcoin and still be budget neutral. And once that\u2019s on the table, it\u2019s really just a matter of political will.\u201d<\/p>\n

At press time, BTC traded at $93,422.<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Sebastian Bea, president of Coinbase Asset Management, believes a technical change to the way Washington accounts for its gold could unlock enough budget-neutral capital for a strategic Bitcoin purchase approaching $100 billion\u2014years ahead of market expectations. In a 40-minute appearance on The Scoop with Frank Chaparro released Wednesday, Bea framed the idea as hiding in…<\/p>\n","protected":false},"author":1,"featured_media":5152,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[33,48,43,35,49,50,919],"class_list":["post-5151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-strategic-bitcoin-reserve"],"_links":{"self":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/5151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=5151"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/5151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/5152"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=5151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=5151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=5151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}