What Happens To Bitcoin If Fort Knox is Audited? \ stacker news ~econ

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What Happens To Bitcoin If Fort Knox is Audited?www.tftc.io/fort-knox-audit-bitcoin/

172 sats \ 6 comments \ @Roll 18 Feb econ

39 sats \ 1 reply \ @Undisciplined 18 Feb

The framing is interesting and it is always worthwhile to think through the incentives of those involved.

However, I think Trump is loving being the president who is finally revealing to the American people how corrupt the establishment has been. That seems more important to him than how much gold America has.

32 sats \ 0 replies \ @kepford 18 Feb

100%

21 sats \ 3 replies \ @kepford 18 Feb

Marty makes a good point. I don't see Trump doing this unless he's VERY sure it won't look bad and weaken the US. If it was shown that the US has been lying about its gold for decades or even in the short run the impact to markets and the dollar could be massive.

Think about it. Do you really think Donald Trump is going to let Elon Musk take the DOGE team, likely accompanied by someone like Mr. Beast to make sure it is a must see Internet event, into the elevator shafts of Fort Knox and have those doors open for everyone on the Internet to discover that the United States of America is gold poor? You have to be out of your god damned mind. There is no way on God's green Earth that this would ever happen. Trump is a winner and he would not want to be associated with one of the biggest L's in human history. The most likely scenario if an audit does actually happen, which I highly doubt it will, is that the elevator doors will open and we'll be blinded by the shimmering fluorescent light beaming off of stacks and stacks of bullion.

54 sats \ 2 replies \ @alt 18 Feb

Wonder if he might do a secret audit first. If Knox is empty, nothing happens, but if it turns out they are holding all the gold they claim to hold, he could win big brownie points by doing an open audit and showing that America still has real wealth.

69 sats \ 0 replies \ @Roll OP 18 Feb

or just a false announced by Trump...

0 sats \ 0 replies \ @kepford 18 Feb

Exactly