US Officials Look at Gold Revaluation to Fund Bitcoin Purchases
(Originally posted on : Crypto News – iGaming.org )
The US government is actively exploring new strategies to add more Bitcoin to its reserves, according to Bo Hines, Executive Director of the Presidential Council of Advisors on Digital Assets. In a recent interview with Anthony Pompliano, Hines explained that one option involves tapping into outdated gold valuations to unlock funds for Bitcoin purchases.
Good to know
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The US Treasury holds gold certificates still valued at $43 per ounce.
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Officials suggest using revalued certificates to fund Bitcoin purchases.
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Tariffs are also being discussed as a potential method to acquire BTC.
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He pointed to an idea backed by Senator Cynthia Lummis, who introduced the Bitcoin Act of 2025. Under the proposal, the Treasury would revalue existing gold certificates—many of which are still listed at just $43 per ounce—closer to the current market price of around $3,100.
Hines explained the core idea during the interview. “What we would do is you’d revalue the gold certificates that we currently have at Treasury, most of which are valued I think around like $43 an ounce, which is a lot lower than what it’s really worth,” he said.
By updating the valuation, the Treasury could gain access to additional funds without creating new debt. Those funds, in turn, could be used to buy Bitcoin as a strategic asset.
Gold certificates were originally issued between 1865 and 1933 as representative currency backed by gold holdings. Although no longer used in daily transactions, they remain on the Treasury’s books at outdated prices.
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The discussion isn’t limited to gold. Hines added that officials are also weighing other creative paths to acquire Bitcoin, including through the use of tariffs. President Donald Trump recently introduced new tariffs targeting countries like China, Mexico, and Canada—moves that could potentially generate additional revenue streams.
“We’re looking at many creative ways, whether it be from tariffs. Whether it be from something else,” Hines said. “Everything’s on the table and like we’ve said, we want as much [BTC] as we can get, so we’re going to make sure that no stone is unturned.”
Hines noted that the gold revaluation concept is gaining attention on Capitol Hill, but its future depends on political momentum. “That could be used for the reserve, but that’s just one idea that’s currently circulating its way through Capitol Hill and we’ll see how many co-sponsors [Senator Lummis] can get,” he said.