Key Takeaways:
The Trump administration has not discussed selling U.S. gold reserves to buy Bitcoin, according to David Sacks, White House AI and cryptocurrency director.
Any potential Bitcoin accumulation will be budget-neutral, meaning it won’t involve selling existing reserve assets like gold.
The final decision on U.S. Bitcoin holdings rests with the Treasury and Commerce Departments, though no formal discussions have taken place yet.
U.S. Will Not Sell Gold to Buy Bitcoin, Says Sacks
In a March 8 interview, David Sacks clarified that the U.S. government is not planning to sell gold reserves to purchase Bitcoin. This statement follows speculation that the Trump administration might shift part of its gold reserves into BTC as part of a strategic crypto reserve plan.
“There have been no discussions about selling gold to buy Bitcoin. The Treasury and Commerce Departments will evaluate any future decisions regarding Bitcoin accumulation, but no official talks have been held yet.” – David Sacks
