The Trump admin told us they were looking to acquire Bitcoin with a "budget neutral" strategy.
Well, they may have just found one:
Engineer a short squeeze on gold, revalue the gold holdings at the peak, and buy BTC.
70% of the world's gold is refined in Switzerland.
So what happens when you slap Swiss exports with 39% tariffs, including the gold bars that New York-based Comex accepts for deliveries?
Suddenly the gold shorters in the United States have a much harder time sourcing gold to cover their positions.
Which means they need to buy existing spot or futures, driving the price higher.
An aggressive short squeeze could force gold towards $6,000 an ounce.
Which would allow the US to revalue its holdings to ~$1.5 Trillion, which would then be deposited into the US Treasury's account.
What could they buy with that $1.5 Trillion?
A ton of Bitcoin.
Are the strange 39% tariffs on Switzerland (nearly the highest in the world) a tactic to force a gold short squeeze so they can revalue their holdings and acquire a dominant BTC position?
Let's see 🍿
Well, they may have just found one:
Engineer a short squeeze on gold, revalue the gold holdings at the peak, and buy BTC.
70% of the world's gold is refined in Switzerland.
So what happens when you slap Swiss exports with 39% tariffs, including the gold bars that New York-based Comex accepts for deliveries?
Suddenly the gold shorters in the United States have a much harder time sourcing gold to cover their positions.
Which means they need to buy existing spot or futures, driving the price higher.
An aggressive short squeeze could force gold towards $6,000 an ounce.
Which would allow the US to revalue its holdings to ~$1.5 Trillion, which would then be deposited into the US Treasury's account.
What could they buy with that $1.5 Trillion?
A ton of Bitcoin.
Are the strange 39% tariffs on Switzerland (nearly the highest in the world) a tactic to force a gold short squeeze so they can revalue their holdings and acquire a dominant BTC position?
Let's see 🍿