Senator lummis once said the US will sell parts of her gold reserve to buy $1 million Bitcoin and today she is saying another different story entirely. I wouldn't be surprised if she start talking another story the next day . I think the government should be straightforward by sticking to one words once and for all.
I guess you are overexpecting from the Government. You are expecting them to be clear about their future plans? This is difficult, as I have never met a politician who was adamant in any position of theirs.
Revaluing the Gold reserve is a total nonsense: this would immediately affect the dollar, making it weaker overnight. With obvious effects on inflation, going in the opposite direction to Trump's will.
About the gold reserve idea selling it to buy Bitcoin? That’s not realistic. The stability of dollar relies on gold and shifting it around in that way would likely undermine the dollar on the spot and propel inflation. It would be contrary to its strategy of maintaining the economy stable, which is what previous governments including the one headed by Trump, did.
Doubtless, it will be more slow and conservative when the government decides to touch crypto. Such a drastic step as exchanging gold with Bitcoin would play havoc rather than the advantages. When in doubt, stand aside and observe the play of politics to determine the boundary lines in politics as some may do it themselves.
I guess the idea is not totally wrong, but is the execution that matters: It is certainly possible for the US GOvernment to sell some gold to buy bitcoin. Selling physical gold to buy digital gold is a good move in the long run, but comprehension is not there yet. It must be cleverly communicated.
The problem is that one thing that for sure was missing from this Presidents's actions and team, it is the flawless execution.