The U.S. may reassess its gold reserves and fund cryptocurrency investments

Odaily Odaily reported on March 5 that Zerohedge reported that Bloomberg macro strategist Simon White analyzed that the market generally expects that the United States may finance the purchase of cryptocurrencies by revaluing the value of its gold reserves. Although Trump announced the establishment of a strategic reserve fund for cryptocurrencies last week, he did not specify the specific method of purchase, which increases the possibility that the United States will revalue its gold reserves. U.S. Treasury Secretary Bessant's recent remarks on the monetization of the balance sheet suggest a way to finance cryptocurrency funds through gold revaluation. It should be noted that the revaluation of gold may affect the reserve status of the US dollar, and thus affect the independence of the Federal Reserve, bringing significant impacts.