Stop setting expectations that bitcoin is going to rise when people find out the gold isn't in Fort Knox. I wouldn't be surprised if the Trump admin makes sure it's filled before going in there to signal economic strength as the world is scrambling for physical gold.
Banking on an empty vault for a bitcoin price pump is setting the market up for disappointment.
The correct framing is: we shouldn't have to wonder whether or not the gold is in Fort Knox, we should be able to publicly audit the country's reserves 24/7/365 and bitcoin enables that. It is very hard to do that with gold, as the last five decades have proven.
Banking on an empty vault for a bitcoin price pump is setting the market up for disappointment.
The correct framing is: we shouldn't have to wonder whether or not the gold is in Fort Knox, we should be able to publicly audit the country's reserves 24/7/365 and bitcoin enables that. It is very hard to do that with gold, as the last five decades have proven.
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