Bitcoin debuted a price rally on March 23 amidst bullish news. The US considers selling gold reserves to buy BTC and the IMF acknowledges Bitcoin as digital gold.
Bitcoin Trades Above $87,000
At the moment of writing this article, BTC is trading above $87,000, up by over 3% in the past 24 hours. The digital asset kicked off a price rally on March 23 from around $84,000 fueled by optimistic global moves.
US Considers Selling Gold to Buy BTC
Mario Nawfal, host of a popular show, announced on March 23 that Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, said that selling gold reserves to fund Bitcoin purchases is on the table. This plan is supported by The BITCOIN Act of 2025, which implies the US will buy 1 million BTC over five years, accounting for 5% of the total supply.
IMF Acknowledges Bitcoin’s Status of Digital Gold
In its BPM7 document, the IMF added Bitcoin to global money tracking rules, stating that, like gold or land, if BTC crosses borders, it will be tracked as property trading.
With the reinforced recognition of Bitcoin and the crypto industry, BTC is surrounded by optimism, amid increased institutional interest and positive market predictions.
