Texas legalizes gold and silver for payments, signaling a shift toward hard assets in a post-fiat financial landscape. House Bill 1056 is set to make gold and silver official means of payment starting September 1, 2026. Meanwhile, traditional gold continues to show a steady upward trend, particularly with ongoing geopolitical tensions. Digital gold, Bitcoin, is also showing exponential growth, with gains approaching +89% over the same period and a recent new ATH of $112K.
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H.B. 1056 – Not Just About Gold Settlements
So, House Bill 1056 returns us to the classics of decentralized settlements, but in the world of physical, not digital assets. Speaking specifically, gold and silver, presented in the form of “specie” – refined bars with indicated weight and fineness – are recognized as legal tender.
But it’s not that simple, as the project has a second phase. It provides for the creation of electronic settlement systems that will allow transactions in fractions of an ounce, with full physical backing through the Texas Bullion Depository. Thus, Texas is proposing a tokenization model without blockchain, but with a mandatory equivalent in bullion storage. This brings the infrastructure closer to stablecoin logic, but based on “hard money” and without a public chain.
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Gold’s Steady Rise Against Global Economic Uncertainty
People’s desire to protect themselves by having a hard asset is quite natural. Although we don’t see a dollar collapse, except for record demand for US Treasury bonds – gold remains a classic anti-crisis asset. Moreover, it’s growing.
Speaking specifically, gold demonstrates an overall increase of +26.88% since the beginning of the year, reaching $3,366 per ounce. Yes, within this trajectory, a step-like model prevails with several consolidation phases. After active growth in January–April, there’s a slowdown: the $3,300–3,350 zone has become local resistance, while the breakout above $3,370 hasn’t yet been confirmed by sustainable volume.
Such moments indicate continuing pressure from macro factors – particularly, expectations regarding the Fed rate to economic policy. However, over the long-term period, you can see that gold is growing quite steadily and consistently.
Digital Gold – Intersection and Difference
We covered in great detail the fundamental difference between classic gold and digital gold, Bitcoin, and what exactly determines the differences and similarities in the dynamics of these assets in the market.
At this time, Bitcoin shows growth of +88.96% for the same period. In particular, its growth dynamics present a continuous exponent without pronounced phases of global consolidation in the range above $60K. Compared to gold, BTC has several technical advantages:
- Liquidity in spot and derivative markets with instant realization and managed volatility.
- Absence of physical limitations (storage, delivery, assay), which makes the asset universal.
- Predominance of retail and institutional demand, especially after the launch of crypto ETF instruments.
In the case of gold, even with legal recognition, the trust issue remains limited by bullion infrastructure volumes and the absence of a digital interface capable of competing with DeFi ecosystems. On the other hand, gold is an immortal classic that can now have more applications, or rather, is returning to its former ones.
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Conclusions
It seems Texas is betting on several decentralized assets at once – classic physical gold and advanced digital gold, Bitcoin. And this appears to be a maximally balanced strategy that prioritizes financial independence and sovereignty rights.
We’ll be carefully watching the development. Stay tuned for the latest updates in crypto, blockchain, and DeFi.
