{"id":853215,"date":"2025-06-04T00:12:02","date_gmt":"2025-06-04T05:12:02","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/04\/us-could-buy-100-billion-in-bitcoin-this-year-coinbase-exec\/"},"modified":"2025-06-04T00:12:02","modified_gmt":"2025-06-04T05:12:02","slug":"us-could-buy-100-billion-in-bitcoin-this-year-coinbase-exec","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/04\/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":"

Bitcoins <\/p>\n

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Reason to trust<\/h3>\n

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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<\/a> 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

Bitcoins 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<\/a> 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<\/a>\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

Bitcoins 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

\"bitcoins
BTC price, 1-day chart | Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image created with DALL.E, chart from TradingView.com<\/p>\n<\/p><\/div>\n

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Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. <\/p>\n

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
\nWith a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.<\/p>\n

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.<\/p>\n

For Jake, Bitcoin represents more than just an investment; it’s a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.<\/p>\n

As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.<\/p>\n

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.<\/p>\n

You can engage with his latest takes on Twitter: @realJakeSimmons.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Disclaimer:<\/strong> The information found on NewsBTC is for educational purposes
\n\t\t\t\t\t\t\tonly. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any
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\n\t\t\t\t\t\t\tentirely at your own risk.<\/p>\n<\/p><\/div>\n

Jake Simmons Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies<\/p>\n","protected":false},"author":1,"featured_media":853216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87,1812],"tags":[11476],"class_list":["post-853215","post","type-post","status-publish","format-standard","has-post-thumbnail","category-billion","category-could","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=853215"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/853216"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=853215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=853215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=853215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}