shutosha on Nostr: If US starts selling #gold to acquire #bitcoin - will Gold demand increase or reduce ...

If US starts selling #gold to acquire #bitcoin - will Gold demand increase or reduce ?

#askNostr

I think it will be good for both because eventually there will be a peg between Gold and Bitcoin .. which is most important thing for #bitcoin to flourish ..

quoting nevent1q…hc4m

US has #gold reserves good enough for ten million #bitcoin as of date - give or take - around ten million kilos of #gold .. If they start converting today , how many they will actually get ? #SBR #LummisBill

#askNostr

Tip - #bitcoin price follows a log scale - up and down ..

https://www.lummis.senate.gov/wp-content/uploads/BITCOIN-Act-FINAL.pdf