PANews reported on March 5th, according to Zerohedge, Bloomberg macro strategist Simon White analyzed that the market expects the US to revalue its gold reserves to fund the purchase of cryptocurrencies. Although Trump announced last weekend the establishment of a cryptocurrency strategic reserve fund, he did not address how these cryptocurrencies would be purchased, leaving the possibility for the revaluation of US gold reserves. Recent comments by US Treasury Secretary Besent on the monetization of the asset side of the balance sheet point to a feasible way to fund a cryptocurrency base, namely: the US could revalue its gold holdings. However, gold revaluation could weaken or strengthen the dollar's reserve status, undermine the Federal Reserve's independence, and have significant implications.
Analysis: The US May Fund Cryptocurrency Purchases by Revaluing Gold Reserves
PANews2025/03/05 09:04
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