Selling gold to buy Bitcoin is not that easy, it must be approved by Congress 1. Policy proposals and legislative approval Propose a motion: Firstly, proposals for the transformation of this strategic reserve need to be put forward within the US government (such as the Treasury Department or related agencies) or by members of Congress. For example, recent reports have mentioned that the Trump administration proposed establishing a strategic reserve of Bitcoin, which could serve as a starting point. Congressional review: According to the US Constitution, large-scale disposal and redistribution of national assets (such as gold reserves) require congressional approval. The proposal needs to be submitted to the House of Representatives and the Senate, and may be discussed in the form of a bill (similar to the Gold Reserve Transparency Act). Public hearing: Given the sensitivity of gold and Bitcoin, Congress may hold a hearing inviting economists, cryptocurrency experts, and financial regulatory agencies (such as the Federal Reserve and SEC) to provide opinions. Legislation Passed: The bill needs to be passed by a majority in both houses and signed into law by the President. 2. Evaluation and Sale of Gold Reserves Audit of gold reserves: The United States currently holds approximately 8133 tons of gold (as of 2024), mainly stored at the Federal Reserve Bank of New York and Fort Knox. A comprehensive audit is required before sale to determine the amount of available gold. This may involve the implementation of existing proposals such as the Gold Reserve Transparency Act. Determine the scale of sale: The government needs to decide how much gold to sell. For example, if the goal is to purchase 1 million bitcoins (approximately 19% of the market value of US gold reserves), the required funds need to be calculated and matched with the amount of gold sold. Selling method: Gold may be sold through international markets (such as the London Bullion Market Association LBMA) or directly traded with other central banks. The Ministry of Finance may entrust the Federal Reserve or private institutions (such as Goldman Sachs) to carry out the execution. Market Impact Assessment: Large scale selling of gold may lower the price of gold, therefore a phased selling plan needs to be developed to reduce market volatility.