- Max Keiser humorously proposed selling U.S. states and cheese reserves to finance a Bitcoin reserve without affecting taxpayer funds.
- Alternative ideas include auctioning national landmark naming rights, selling government assets, and privatizing public services for Bitcoin accumulation.
- Experts suggest the U.S. could follow Bhutan’s model by launching a state-backed Bitcoin mining operation to increase its cryptocurrency reserves.
Crypto analyst Max Keiser has humorously suggested that the U.S. government could sell states to fund a Bitcoin reserve. His remarks align with a growing conversation about how America could acquire Bitcoin without relying on taxpayer money. The discussion follows the official establishment of a strategic Bitcoin reserve.
Keiser, an outspoken Bitcoin advocate and advisor to El Salvador’s President Nayib Bukele, proposed that selling Maine, Vermont, and Massachusetts could help raise funds without affecting the national budget. He also joked about liquidating parts of the U.S. cheese reserves. While these comments were made in jest, they highlight a broader discussion on how the U.S. could expand its Bitcoin holdings.
Alternative Proposals for a Budget-Neutral Bitcoin Reserve
Beyond Keiser’s remarks, industry experts have put forward more serious strategies. Several analysts propose making national landmarks and parks together with lakes and rivers available for rights auctioning. The procedure follows the logic of corporate sponsorship agreements by transforming the Staples Center into Crypto.com Arena in Los Angeles. A naming right selling strategy presents new opportunities to develop funding sources for the Bitcoin reserve maintenance.
Other proposals include privatizing government assets, such as land, gold, and unused buildings. Bitcoin analyst Jimmy Song has suggested leasing mineral rights or privatizing public services, such as Amtrak and the postal service, to generate funds for Bitcoin accumulation.
Mining Bitcoin as a National Strategy
Some experts advocate for direct government participation in Bitcoin mining. Muse Labs founder Jiang Jinze has emphasized that gold and Bitcoin follow similar value trends, making gold sales a viable option for increasing BTC reserves. He also suggested that the U.S. could establish a state-backed mining initiative, similar to Bhutan’s crypto mining model.
The U.S. government currently holds approximately 200,000 BTC, though a significant portion is earmarked for return to rightful owners. For instance, 94,643 BTC from the 2016 Bitfinex hack must be returned to the exchange, as ruled by a federal court.
The U.S. did take part in Bitcoin auctions of illegally obtained coins in 2014 where investor Tim Draper acquired 29,000 BTC. The creation of a national Bitcoin reserve brings new possibilities for policymakers to find strategic methods of augmenting their reserves without straining their budget.