ChainCatcher news, Standard Chartered analyst Geoff Kendrick stated that the U.S. may sell part of its gold reserves in a budget-neutral manner to fund strategic Bitcoin reserves for purchasing Bitcoin. Geoff Kendrick added that one option is to utilize the Exchange Stabilization Fund (ESF), which holds $39 billion in net assets. He also suggested encouraging U.S. states and institutional investors (including long-term pension funds) to allocate to Bitcoin under the leadership of the federal government.

ChainCatcher news, Matrixport released a weekly report stating that with the upcoming White House cryptocurrency summit on Friday, any positive headlines could drive short-term momentum, but the structural weaknesses in the market and macroeconomic headwinds remain key risks.If Trump conveys a strong message of support for cryptocurrencies, it could inject new vitality into the market, but its sustainability will depend on the broader economic and policy environment. This summit marks the first time in history that the White House is holding a summit specifically focused on cryptocurrencies. The market is currently closely watching the outcomes of the summit and anticipates further price volatility in the future.The U.S. government may utilize its gold reserves to fund the purchase of Bitcoin, especially if the strategic Bitcoin reserve plan is advanced. The Bitcoin bill proposed by Senator Cynthia Lummis suggests using the market value of gold—currently around $688 billion, far exceeding its book value of $11 billion—to acquire 1 million Bitcoins over five years. This could mean that gold would need to be sold at market prices, and the proceeds would be reallocated.

ChainCatcher news, according to Zerohedge, Bloomberg macro strategist Simon White analyzed that the market expects the U.S. to revalue its gold reserves to fund the purchase of cryptocurrencies. Although Trump announced over the weekend the establishment of a cryptocurrency strategic reserve fund, he did not address how to purchase these cryptocurrencies, leaving open the possibility of a revaluation of U.S. gold reserves.Recent comments by U.S. Treasury Secretary Basant regarding the monetization of assets on the balance sheet pointed to a feasible way to finance a cryptocurrency fund: the U.S. could revalue its gold holdings. However, the revaluation of gold could either weaken or strengthen the dollar's reserve status, undermine the independence of the Federal Reserve, and have significant implications.

ChainCatcher news, according to The Block, analysts from research and brokerage firm Bernstein pointed out that President Trump's statements regarding cryptocurrency reserves have evolved from "Bitcoin as a national reserve" during the campaign to "national digital asset reserves," and recently to "cryptocurrency strategic reserves." Analyst Gautam Chhugani stated in a client report released on Monday: "It is currently unclear whether a strategic reserve can be created solely through a presidential executive order. If it involves the Federal Reserve's balance sheet, specific legislation would be required from Congress."While there are views that the U.S. Treasury's Exchange Stabilization Fund could be used to purchase cryptocurrencies without the need for immediate congressional approval, the fund's primary responsibilities are managing foreign exchange and maintaining financial stability, and using it for crypto reserves may face legal and political challenges. If crypto reserves are approved by Congress, Bernstein analysts proposed several potential sources of funding, including re-evaluating and reallocating gold reserves, issuing government bonds, reallocating Federal Reserve balance sheet funds, or collaborating with U.S. institutional asset managers.Regarding asset allocation methods, analysts suggested a market-cap weighted distribution: 75% allocated to Bitcoin, 11% to Ethereum, 4% to Solana, and the remaining 10% to other assets. Bernstein analysts believe: "A realistic path may be for the U.S. government to persuade Congress to accept Bitcoin as a new form of digital gold/global store of value and to conduct a gold re-evaluation/gold reserve reallocation."

ChainCatcher news, according to Bitcoin News, U.S. Senator Rand Paul is calling for a comprehensive audit of the U.S. Mint's gold reserves, including physical inspections. He also requested to personally inspect Fort Knox and other vaults with his staff.

ChainCatcher news, according to The Block, Copper's research director Fadi Aboualfa stated that Trump's plan to audit the Fort Knox gold reserves may trigger a comprehensive review of gold holdings or prompt investors to turn to Bitcoin. If gold ETFs cannot verify their full backing, they may trade at a discount, leading to a loss of global liquidity.Aboualfa pointed out that as U.S. banks transfer gold from London to New York, delivery delays are worsening, and there may be a price dislocation between the spot market and unallocated gold ETFs. Given that the paper gold market is 133 times the size of the physical supply, this situation could lead to global liquidity disturbances and impact the Bitcoin market.

ChainCatcher news, according to Cointelegraph, U.S. Senator Rand Paul called yesterday for an audit of the Fort Knox gold reserves led by Elon Musk's Department of Government Efficiency (DOGE) to verify whether it actually holds 147.3 million ounces (4,600 tons) of gold from the U.S. Treasury, sparking a debate about the transparency of Bitcoin compared to traditional assets and financial trust.The Fort Knox gold has not been audited for 50 years since 1974, primarily because the U.S. government has refused external audits on the grounds of national security, while its gold reserves are seen as a symbol of national credit, and public audits could trigger market volatility and a crisis of trust. Bitcoin supporters, including Senator Cynthia Lummis, stated: "Bitcoin solves this problem. Bitcoin reserves can be audited at any time through basic computers, year-round." Unlike physical gold, which requires external audits, Bitcoin allows anyone to verify ownership, supply, and transactions through the blockchain.Riot's research director Pierre Rochard said: "Gold requires trust in the auditor, while Bitcoin allows anyone to be an auditor." Bitcoin cannot be forged, whereas gold can. Although the U.S. has the largest gold reserves in the world, incidents of fake gold bars have occurred in recent years. In 2019, the CEO of Swiss refinery Valcambi admitted that counterfeiting technology has become increasingly sophisticated, suggesting that thousands of fake gold bars may go undetected. In contrast, Bitcoin cannot be forged, with a fixed total supply of 21 million coins, and its smallest unit, "satoshi," can be tracked on-chain. Bitcoin advocate Max Kaiser wrote in 2018: "Bitcoin is the most perfect hard currency humanity has ever known. Holding Bitcoin is a declaration of liberation from tyranny and government intervention, achieving individual sovereignty."

ChainCatcher news, according to Jinshi reports, Bloomberg macro strategist Simon White wrote that gold and silver are flowing into U.S. warehouses at an unprecedented rate since the pandemic. The accumulation by emerging market central banks over the years may have led to a shortage of physical metals in Western countries. However, a less likely theory is that the U.S. is preparing to revalue the worth of its gold reserves.Recently, a large amount of gold and silver has surged into the warehouses of the New York Mercantile Exchange (Comex), leading to speculation that the U.S. is about to revalue its substantial gold inventory at market prices (currently close to $3000).The U.S. government's gold reserves are currently accounted for at a historical price of $42 per ounce, while the current market price is approaching $3000 per ounce. This significant valuation gap has sparked speculation above Wall Street. Under the disruptive presidency of Trump, this speculation cannot be completely dismissed.

ChainCatcher news, according to Cointelegraph, billionaire and Pantera Capital founder Dan Morehead stated in an interview with CNBC that the United States currently holds $600 billion in gold reserves, which is an astonishing figure. He suggested a shift towards digital gold, emphasizing that "Bitcoin is a better choice."

According to ChainCatcher news and reported by CoinGape, MicroStrategy founder and chairman Michael Saylor made key suggestions regarding the U.S. strategic Bitcoin reserve issue in a recent Yahoo Finance interview. He urged the U.S. government to sell all its gold reserves to buy Bitcoin instead, and suggested holding 20-25% of the current Bitcoin circulation.Saylor analyzed that this move would bring three strategic advantages: first, it could strengthen the U.S. global reserve currency status; second, a large-scale sell-off by the U.S. would lead to a plummet in gold prices, creating economic difficulties for competitors holding large gold reserves (such as Russia and China); third, these countries might be forced to sell assets and turn to Bitcoin, ultimately leading to capital flowing back to the U.S., with the total value of Bitcoin reserves potentially reaching $100 trillion.

ChainCatcher news, according to Decrypt, U.S. presidential independent candidate Robert F. Kennedy Jr. stated that if elected, he would push for the federal government to purchase $615 billion worth of Bitcoin until the amount of Bitcoin held by the U.S. matches the country's gold reserves. Kennedy said in an interview, "Bitcoin is honest money; it is a currency based on proof of work. Everything is on the ledger, it is decentralized, and that is what we need to do for democracy. I want the federal government to start buying Bitcoin and ultimately hold an amount of Bitcoin equivalent to gold during my term."It is reported that the U.S. government is the largest holder of gold in the world, with 8,134 tons of gold. At current prices, the gold is valued at $615 billion, requiring 9.4 million BTC to match this value, which is nearly 45% of the total supply.

ChainCatcher news, according to Bitcoin.com, gold market analyst Jan Nieuwenhuijs stated that the Bank of Thailand's continuous purchases of gold may indicate that the country is preparing to use the CBDC cross-border settlement project mBridge to address the imbalances in the CBDC-dominated trading system.The analyst noted that just days before the release of the minimum viable product (MVP) of mBridge, China and Thailand signed a bilateral currency trading cooperation framework, with China and Thailand being two of the first members of the mBridge platform.