Coinbase exec – U.S. could secretly unlock $100B for Bitcoin using gold revaluation loophole

by
  • Sebastian Bea is proposing a U.S. gold revaluation to fund a $100 billion Bitcoin acquisition
  • Bitcoin’s future depends on breaking the $95,000-$96,000 resistance for further growth

In the shadowy corridors of Washington’s financial power, a most audacious idea has taken root, one so peculiar it might make even the most seasoned economic minds furrow their brows. But, as in most tales of great change, it is not the simple ideas that change the world, but the grand, unimaginable ones that others dismiss as mere fantasy.

Coinbase exec on the United States’ Bitcoin move

Sebastian Bea, that most esteemed president of Coinbase Asset Management, has recently made waves, proposing a most curious strategy. He suggests that the United States might soon unshackle a monumental sum of nearly $100 billion by merely adjusting how the government values its gold reserves. Sounds too good to be true? Perhaps. But, let us not judge too quickly. Such a path may, in fact, hold the key to a future where Bitcoin is no longer a mere speculative asset, but a genuine cornerstone of the U.S. financial system.

In his interview on The Scoop podcast, Bea spoke with an almost prophetic fervor about this quiet revaluation of gold. The mere mention of it might send traditionalists into apoplectic fits, but Bea’s vision could very well be ahead of its time, or perhaps of a time that is almost upon us.

He observed,

“Sometimes the ideas are so big that people either can’t hear them or don’t want to hear them,” he said, as if to suggest that this grand idea, dismissed by the timid, might be the one that reshapes the very fabric of America’s financial strategy. “But they’ve got to listen to this one.” His words, heavy with the weight of possibility, hung in the air.

According to Bea, it is not some wild concoction of his own invention, but a solution lurking in plain sight, hidden beneath the veil of an old accounting oversight—a relic of days long past—one that, when undone, could unlock vast reserves for a strategic Bitcoin acquisition. The thought itself, while unconventional, is at least, to some, tantalizing.

America’s gold reserves

The irony here is most exquisite. Despite the modern age’s dizzying advances, America’s gold reserves—totaling some 261.5 million ounces—are still, as per an archaic law, valued at a meager $42.22 per ounce. This figure, frozen in time since 1973, seems almost laughable when contrasted with today’s price of over $3,300 per ounce. A discrepancy of nearly $900 billion—yes, billion—with the present value glaringly exposed for all to see, yet untouched.

Bea, ever the visionary, proposes a simple legislative amendment—something so innocuous, yet potentially world-altering—that could breathe new life into the Treasury’s gold holdings. By revaluing the gold, issuing new gold certificates at market price, and funneling the gains into a sovereign-style fund, the U.S. could, in a manner most subtle, finance a strategic Bitcoin acquisition, all without adding a cent to the national debt. Isn’t that quite the magic trick?

He explained,

“When the revaluation occurs, that creates a $900 billion mark-to-market gain, which the Treasury could then take […] in a budget-neutral manner to go and buy a variety of things. We think probably including Bitcoin.” This is not your everyday government policy, is it?

The revaluation, Bea suggests, could spark the creation of a Bitcoin reserve, thus mimicking President Trump’s previous directives on sovereign funds. All this, without raising the debt ceiling. Ah, the sweet music of fiscal responsibility!

What’s more?

As Bitcoin flirts ever so delicately with the $100,000 threshold, the geopolitical stage could be set for something even more momentous. Central banks, already in a gold rush of their own, may soon find themselves in a new kind of race—this time, for Bitcoin. The domino effect could be spectacular to behold, a game of global financial chess where the stakes are higher than ever.

But let us not get ahead of ourselves. The price of Bitcoin, despite its flirtations with the $100,000 mark, is still shackled by a technical resistance. It must first break decisively through the $95,000–$96,000 range, or risk remaining locked in place. A breakthrough, however, could very well lead to a price surge that may forever alter the way we think about money, wealth, and the very nature of sovereignty itself.

Ah, the future! How it beckons with all its uncertainties and promise. We wait and watch, ever eager for the next chapter of this grand narrative.

Read More

2025-05-02 09:15