A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC).
A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC).
All part of the plan.
But, who possesses the gold if the transaction goes through?
The btc holders or the exchange or a bank or russia?
How does that transaction happen?
(PS: trump will finally know there is no gold in fort Knox when he steals it all)
It goes to whoever can provide Bitcoin. So, likely an exchange. Which ultimately gives the money to people selling Bitcoin. Many of whom are in North Korea and Russia.
Crypto investment is very risky. Too volatile. Too virtual. No protection against theft/fraud. Also a govt should really invest in companies in its own jurisdiction.
Checking Sberbank rn
More seriously though, I am honestly not sure where the gold would end up at.
Probably the oligarchs who have a lot of crypto but want to exchange it for more tangible gold. Oh and people hoarding gold is a sign of a potential incoming economic collapse so… not very good for America.
who*
Thank you.
Gold has been going up for years, the wealthy everywhere are buying up gold because there’s barely anything else left to buy.
I’d suspect it’s gonna be people close to T*ump