White House Weighs Bitcoin Buys Funded by Revaluing Fort Knox Gold From $42 an Ounce
- —White House weighs BTC purchases funded by revaluing Fort Knox gold
- —US gold reserves are carried on the books at $42 an ounce
- —Patrick Witt oversees digital asset policy in the administration
- —Bitcoin is now treated as part of US national security
Why it matters: Potential government BTC purchases funded by a gold revaluation would boost institutional demand and reinforce Bitcoin's status as a reserve asset.
Source: Coinotag