President Trump recently stated that he will review whether the gold at the largest US treasury, Fort Knox, is still there. Analysts suggest that this action may shift market funds from precious metals to digital assets, especially BTC. The head of the US Government Efficiency Department (DOGE), Elon Musk, posted on social platform X on February 18th that he plans to conduct a comprehensive review of the gold stored at Fort Knox to ensure its presence. Subsequently, on February 19th, Trump acknowledged the event, expressing the importance of ensuring the gold’s presence at Fort Knox. If the gold is missing, it could have a significant impact on the global gold market, particularly amidst current historical highs. Analysts believe that the US review of gold reserves may drive investors towards BTC due to potential implications on gold ETFs and the demand for transparency. Additionally, the emotional impact on investors of verifying the gold reserves at Fort Knox could lead to capital flow towards digital assets, notably BTC.
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