- Sebastian Bea proposes an American gold revaluation to finance a Bitcoin acquisition of $ 100 billion
- The future of Bitcoin depends on breaking the resistance of $ 95,000- $ 96,000 for further growth
A daring new proposal is quietly attracting attention in the financial circles of Washington, one that could reform the relationship of the US government with Bitcoin [BTC].
Coinbase Exec on the Bitcoin movement of the United States
SEbastian Bea, president of Coinbase Asset Management, is in the news today after he had hinted on a subtle accounting shift in the way the US appreciates its gold reserves. This, he said, could release almost $ 100 billion in budget -neutral capital.
In a recent interview On the scoop podcast, Bea described the move as a strategic path to a huge Bitcoin acquisition, well before the timeline that many expected on the market.
However, the idea, although unconventional, can be much less bizarre than it appears first.
He said,
“Sometimes the ideas are so great that people can’t hear them or don’t want to hear,” he said at the top of the interview. “But they have to listen to this.”
Bea also argued that a decades of old accounting supervision can be the key to unlock a Bitcoin-supported financial strategy for the US government.
America’s gold reserves
According to current legislation, the Golden Reserve of 261.5 million ounce is still appreciated at an outdated price of $ 42.22 per ounce-one figure frozen in 1973.
At the current market rate of more than $ 3,300 per ounce, that creates a difference of almost $ 900 billion between book and actual value.
Bea is of the opinion that a simple legislative change of 31 USC § 5117 could enable the treasury to revise its golden property, give Gold certificates with a higher denomination and to lead the non-realized profit in a fund in Severeign style.
He said,
“When the revaluation takes place, it creates a profit of $ 900 billion market, which could then take the treasury […] In a budget -neutral way to buy a number of things. We probably think Bitcoin includes Bitcoin. “
This revaluation could then support a strategic Bitcoin reserve that the executive directive of President Trump reflects, without increasing the national debt.
What is more?
Since Bitcoin flirts with the $ 100,000 level, a wider geopolitical and retalibration of the market can be underway.
It is worth mentioning that Sebastian Bea’s proposal Could activate a Domino effect among global authorities, underlining strategic efforts. Therefore, with central banks that are already working on record -breaking gold accumulation, a similar race for Bitcoin could unfold.
However, Bitcoin’s immediate future depends on a critical technical barrier.
Unless it certainly breaks above the resistance of $ 95,000 $ 96,000, the price will probably remain reached.
A clear outbreak could ignite a new leg to the north, so that the story of Digital Reserve may be reformed at a sovereign level.