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@ Bitcoin Introvert
2025-02-24 14:57:40
So, what's the big deal about the Fort Knox Gold audit?
1. Trump wants a strategic bitcoin reserve. Best to make it law rather than an executive order which can be undone. So Cynthia Lummis is encouraged to proceed with a draft bill.
2. Cynthia Lummis wants to sell US gold to buy bitcoin (instead of asking tax payers for more money). But she needs gold.
3. Trump is going to to inspect US' 5,000 tonnes of gold reserves held at Fort Knox - worth $425 billion. I wonder why...
Note:
The mid-term elections in the States are 3rd November 2026. Traditionally, governments lose the mid-terms, so important legislation needs to be completed before then.
My conclusion - the strategic bitcoin reserve will be in place before November next year.