US gold valued at $1T as Bitcoin reserve bill awaits Senate
- —Treasury holds 261.5 million troy ounces of gold booked at $42.22 an ounce
- —At $4,000 an ounce the stock is worth about $1 trillion versus $11 billion on the books
- —The BITCOIN Act of 2025 would use revaluation proceeds to buy strategic Bitcoin
- —Fidelity's Timmer says revaluation would weaken the dollar and lift term premiums
Why it matters: Passage would give the US a funding source for Bitcoin purchases, but the bill remains a proposal with no Senate vote scheduled.
Source: TokenPost