Arthur Hayes, CEO of BitMEX , has suggested that the United States should lower the value of gold and create a Bitcoin reserve to boost economic growth.
Hayes suggests that this strategy might help the U.S. Treasury quickly create dollar credits, which could be used to buy Bitcoin (BTC). He thinks that this action would help the economy and strengthen the U.S.’s position as a global financial leader.
The Treasury currently values gold at $42.22 per ounce, but Hayes suggests increasing this value to between $10,000 and $20,000 per ounce. This increase would add important funds to the Treasury General Account (TGA), giving the resources needed to boost the economy without needing to negotiate with other countries about currency.
He points out that the first 100 days of a new administration, especially under Trump, are a key time to put important policies in place, like gold devaluation, possibly starting in 2025.
Hayes believes creating a Bitcoin reserve would strengthen U.S. financial power since Bitcoin is seen as “hard money” because of its limited supply. He thinks that if the U.S. government used money from gold devaluation to buy Bitcoin, its value would go up, leading other countries to try similar approaches in a race for cryptocurrency reserves.
Hayes says that time is important. The new administration needs to move quickly to show results before the 2026 midterm elections, as any delays might disappoint the market and reduce cryptocurrency investments.
He points out that countries like Russia, Japan, and Canada are looking into Bitcoin reserves, showing a worldwide trend that the U.S. should pay attention to. Hayes believes that lowering the value of gold is the best way to raise money and boost the economy, calling for clear and strong action for a lasting effect.
