US Exploring $100B Bitcoin Acquisition Using Gold Revaluation

A top Coinbase executive has outlined a plan to enable the US government to acquire up to $100 billion in Bitcoin without increasing its national debt. Sebastian Bea, President of Coinbase Asset Management, explained that legal maneuvers involving revaluing gold holdings could unlock this funding source. He suggests amending 31 U.S.C. § 5117 to allow the Treasury to issue new high-denomination gold certificates based on current market prices for potential Bitcoin purchases.