2026-01-11 23:21:48

Late 2024 saw an intriguing monetary policy proposal circulating: what if a major economy consolidated its gold reserves and redirected those assets into Bitcoin holdings—specifically around 5 million coins? The theory suggested this could fundamentally reshape the global monetary hierarchy and potentially undermine certain currency blocs.

Fast forward to 2025, and the numbers tell an interesting story. Official gold reserves experienced a dramatic appreciation, with valuations climbing nearly half a trillion dollars. This surge raises fresh questions about the opportunity cost of traditional precious metal holdings versus emerging digital assets in a rapidly shifting financial landscape.

The contrast between the two scenarios—one hypothetical, one actual—underscores the ongoing debate about optimal state-level asset allocation strategies. Whether gold or Bitcoin represents the superior long-term reserve asset continues to captivate economists, traders, and policymakers alike.

BTC1,21%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
6
Repost
Share

Comment

0/400

Ser_This_Is_A_Casino

· 1h ago

Speaking of which, the rise in gold makes the BTC argument even more awkward. This wave of gains in gold is a slap in the face to many bearish voices. Ultimately, which one to hold really depends on fate... Central banks are also gambling. The current question is, who dares to go all-in on Bitcoin? Gold as a store of value is indeed unpredictable... Should we take a gamble? A $50 billion increase, that's pretty intense. Honestly, these two asset allocation issues never have a definitive answer.

View OriginalReply0

Token_Sherpa

· 17h ago

ngl the whole "5M BTC as state reserves" thing was always more fiction than framework... gold up half a trillion? sure, but that's just inflation doing its thing lol

Reply0

0xLuckbox

· 17h ago

Gold has surged so strongly, now anyone who said Bitcoin was better must be eating their words... --- $50 billion appreciation, luckily no one really went all in on Bitcoin haha --- That's why I never go all-in on anything, multi-chain allocation is the safest --- Wait, so is it actually a joke that at the national level they are stockpiling gold? --- Institutions are still debating, but retail investors have already taken both sides 😂 --- The new high in gold prices, it feels like Bitcoin's narrative has been overshadowed --- Choosing a national-level allocation, but for us retail investors, it's just for fun --- Honestly, how much would 5 million Bitcoins be worth? It scared me --- Gold's rebound is so fierce, traditional assets aren't that useless after all --- Everyone stop arguing, liquidity is king, everything else is nonsense

View OriginalReply0

SignatureDenied

· 17h ago

Gold has increased by 500 billion and you're still hesitating over Bitcoin, truly magical --- Five billion USD appreciation potential... maybe I should go all in, just to be safe --- Wait, does any country really dare to swap their gold reserves for Bitcoin? That move must be 🔥 crazy --- Oh, gold has risen again, what are we still discussing? It's time to act, everyone --- Basically, it's just gambling. Traditional assets are never outdated --- Institutions are already stacking Bitcoin, retail investors are still watching gold prices, hilarious --- This thing about opportunity cost... what's the difference between 500 billion and an infinite future

View OriginalReply0

SatoshiSherpa

· 17h ago

Well... so now when gold appreciates, people say gold is fragrant, but the problem is, how long can this interest rate environment last? --- 5 million BTC? That's a joke. Which country would really go all in... --- Gold has increased by half a trillion USD, but it’s nothing. BTC has multiplied several times in one cycle. Why are we still debating this? --- Mechanically, gold is just an old-fashioned story, but does policy really recognize BTC as a reserve asset? Currently, far from it. --- Wait, is the "5 million" in the title serious? How much money would that be... --- Still debating gold vs BTC these days, that's overthinking. Both are needed. --- Isn't gold appreciation just the USD depreciating? The core issue hasn't been solved. --- Countries that dare to replace reserves with BTC have already appeared; everything is still in the theoretical stage.

View OriginalReply0

MetaMuskRat

· 17h ago

The opportunity cost of 50 billion USD is right in front of us. What are you still hesitating for? --- No, the rise of gold so rapidly actually already indicates the issue. Why insist on going all in on Bitcoin? --- Really? Five million Bitcoins? How much would that be? A national-level gamble. --- Looking back now with pride, if we had really invested back then, it would have been a gamble on the nation's fortune. Haha. --- Gold quietly makes money, while the crypto circle is still riding the wave. Do you still need to think about this choice? --- The authorities dare not gamble, retail investors just go all out. This is the reality. --- Even the most outrageous rumors are believed by some. This is our era.

View OriginalReply0