Before going to sleep… Trump shouldn’t trade his gold reserves for Bitcoin. The only thing preventing the rest of the world from creating a widely accepted and auditable stablecoin is the fact that the U.S. benefits from holding most of the global reserves. As soon as that changes, they’ll start trading dollar-backed stablecoins for gold, and the U.S. will lose one of the most consistent buyers of its debt.
My guess is: knowing this, instead of selling gold for Bitcoin, he’d launch a gold-backed stablecoin — anticipating the move and profiting on both ends.
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