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Cynthia Lummis: “We could take our gold certificates, which are currently…”

Featuring: Cynthia Lummis, Republican | U.S. Senate Wyoming

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Senator Cynthia Lummis and Michael Saylor Discuss Strategic Bitcoin Reserve Proposal

Published | Video Starts at 25:48

There are multiple ideas for garnering the 800,000 bitcoin that would comprise a million dollar bitcoin reserve without spending a new dime of taxpayer dollars. Among those are this. We could take our gold certificates, which are currently held at the Federal Reserve on the books at their 1974 value, which is $42 an ounce. Now, most of us know that gold has gone on closer to 3,000 an ounce. (25:48–26:03)

CLAIM

Asserts that gold certificates are valued at $42 an ounce on Federal Reserve books.

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