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The USA may buy Bitcoin by selling off a portion of its massive gold reserves, according to a bold forecast from Pantera Capital CEO Dan Morehead. In a statement that has caught the attention of the crypto world, Morehead suggested that the government could liquidate up to $600 billion worth of gold to invest directly in Bitcoin. Such a move would mark one of the largest government shifts in asset allocation in modern history and could fundamentally transform the global cryptocurrency landscape.
USA May Buy Bitcoin: Pantera CEO’s Prediction
Dan Morehead, a veteran investor and head of Pantera Capital, believes that Bitcoin has now matured into a credible alternative to gold as a reserve asset. His Pantera Capital prediction is based on the idea that Bitcoin offers better portability, verifiable scarcity, and greater resistance to seizure compared to traditional commodities.
The United States possesses over 8,100 metric tons of gold, with an estimated value exceeding $600 billion. According to Morehead, reallocating this wealth into Bitcoin could solidify America’s position as a leader in the digital asset space while modernizing its Bitcoin investment strategy for the digital age.
This potential government Bitcoin purchase would also signal a major policy shift, demonstrating an embrace of cryptocurrency at the highest levels of economic planning.
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Market Implications of a USA Government Bitcoin Purchase
If the USA may buy Bitcoin at the scale Morehead predicts, the impact on the Bitcoin market could be extraordinary. Analysts suggest that even partial gold sales redirected into Bitcoin could drive the cryptocurrency’s price to record highs, fueled by a supply shock and heightened institutional demand.
The potential Bitcoin market impact would not be limited to price action. Such a move could also encourage other nations to reconsider their reserve strategies, prompting a wave of sovereign Bitcoin adoption. Countries with smaller gold reserves but growing digital asset interest might see this as an opportunity to compete on a new financial playing field.
This scenario could set the stage for a global shift in how nations store value, positioning Bitcoin as a core reserve asset alongside — or even replacing — gold in the decades to come.
Also Read: Metaplanet Buys 518 BTC in $61.4M Purchase, Bitcoin Holdings Surpass 18,000 BTC
FAQs
How much gold does the U.S. currently hold?
The U.S. holds over 8,100 metric tons of gold reserves, valued at more than $600 billion as of 2025.
Why does Dan Morehead think the U.S. may buy Bitcoin?
He believes Bitcoin offers superior qualities to gold — including portability, transparency, and fixed supply — making it a stronger long-term reserve asset.
What could happen if the U.S. invests $600B in Bitcoin?
It could cause a massive price surge, legitimize Bitcoin as a sovereign reserve asset, and encourage other nations to follow suit.
Has the U.S. government ever purchased Bitcoin before?
While the U.S. has seized Bitcoin in criminal cases, there is no record of it making a strategic government Bitcoin purchase for reserves.
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