Key Points
- The US is considering selling gold reserves to fund Bitcoin acquisitions.
- BTC kicked off a price rally following bullish events involving the IMF and US Bitcoin Reserve announcements.
Bitcoin debuted a significant price rally on March 23, amidst bullish announcements. According to the latest reports from the US White House, the country is considering selling its gold reserves to buy more BTC, while the IMF just acknowledged BTC’s status as digital gold.
Bitcoin Trades Above $87,000
At the moment of writing this article, BTC is trading above $87,000, up by over 3% in the past 24 hours.
The digital asset kicked off a price rally on March 23 from around $84,000 fueled by optimistic global moves.
US Considers Selling Gold to Buy Bitcoin
Mario Nawfal, host of the largest show on X, announced on March 23 that Bo Hines, the executive director of Trump’s Council of Advisers on Digital Assets, said that selling gold reserves to fund BTC purchases is something that the US considers.
The plan is backed by The BITCOIN Act of 2025, which implies that the US will buy 1 million BTC, 5% of the total supply, over five years, making America the global leader in crypto.
He also shared official information and Senator Cynthia Lummis’ statement in which she revealed that the US should buy 200,000 BTC for five years and hold it for 20 years, without using a single taxpayer dollar to do it.
🚨🇺🇸WHITE HOUSE: U.S. MAY SELL GOLD TO BUY BITCOIN
Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets says selling gold reserves to fund Bitcoin buys is on the table.
Backed by the Bitcoin Act of 2025, the plan would see the U.S. acquire 1… https://t.co/Z1yR6IbuRD pic.twitter.com/RHUWmSvkCq
— Mario Nawfal (@MarioNawfal) March 23, 2025
Apart from this bullish announcement, recently the IMF shared a report, highlighting that it introduced Bitcoin and crypto in its financial framework.
IMF Acknowledges Bitcoin’s Status of Digital Gold
In its BPM7 document, the IMF’s new rules add Bitcoin to global money tracking, saying that like gold or land, if people buy or sell BTC across borders, it will be tracked like trading property.
The IMF’s acknowledgment of BTC and crypto is a significant move forward for the industry.
Optimistic Predictions for Bitcoin and Crypto
In such a bullish scenery, BTC remains surrounded by optimism, amidst renewed institutional interest mirrored by the latest six consecutive inflows in BTC ETFs, topping $776 million in inflows.
Also, the global M2 supply is growing with projections to start a rally in April, which means more capital flowing into BTC and crypto markets.
With the latest Fed’s statements that it will begin QE next month, predictions for BTC and crypto look optimistic.
