There is $600 billion worth of U.S. gold reserves to spend on #bitcoin, according to :morehead: Dan Morehead of :pantera: Pantera Capital, a blockchain investment firm. "Hopefully it is all there."
https://junkflex.com/bitcoin/600gold.mp4
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Whether we like it or not, physical gold is a level 1 asset that does not pose a risk to bank balance sheets.
You don't sell a level 1 asset, you add it and save it as a store of value. This is why central banks are increasing their physical gold reserves. I see it impossible for them to take it out and spend it in bitcoin.
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