....US may not have the gold at Fort Knox that official stats say so, Trump himself admitted that there is no Gold.
....If they don't have the Gold, they may have to create their own Digital Gold (to compete against Gold).
....they may make it possible to use BTC as collateral to get borrowing/loans - imagine if the US makes it law to permit banks to accept them - Bitcoin holders don't have to sell them to get cash they need to borrow for investment and consumption.
....over time, with legal expansion of BTC's use in modern society, it would win mainstream/public acceptance. The only question floating around is whether the US Govt would permit and facilitate widespread adoption. If the US Govt has the will, then to me more than half the battle is won. The rest is process and implementation, some see before it happens, some wait for it to happen and others gobsmacked when it finally happens before their very eyes.
....why would Trump appoint an AI and Crypto Czar then? To sit on crypto/bitcoin?
....it is not so much if one believes in Bitcoin, rather if one believes that Trump 2.0 can progress to make Bitcoin more mainstream and facilitate wider adoption? Can't say I totally believe in what Trump can do for what he says he will do, but for a small exposure it is probably worthy FWIW to take him literally on his BTC promise, after all that's what his base is hoping for.
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Repatriated Gold Reaches Historic Highs The share of global official gold reserves NOT stored at the Fed and Bank of England has reached 78% in 2024, from 51% in 1972. The shift can be seen as a proxy for the West’s decline in financial dominance.
