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Stop setting expectations that bitcoin is going to rise when people find out the gold isn't in Fort Knox. I wouldn't be surprised if the Trump admin makes sure it's filled before going in there to signal economic strength as the world is scrambling for physical gold.
Banking on an empty vault for a bitcoin price pump is setting the market up for disappointment.
The correct framing is: we shouldn't have to wonder whether or not the gold is in Fort Knox, we should be able to publicly audit the country's reserves 24/7/365 and bitcoin enables that. It is very hard to do that with gold, as the last five decades have proven.
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The reason they are shipping in so much gold from London is to refill our stores. The massive repatriation effort is because there’s no way we would embarrassingly broadcast to the whole world on live stream that we have no gold in Ft Knox. BUT this all shows the importance of don’t trust, verify and the vast superiority of the #bitcoin network which can be verified every 10 minutes. There is simply no second best and the world is coming to realize this! Gold price has historically run before printer starts and the record prices are the canary in the coal mine
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