Prediction markets surged in bets on a Fort Knox gold audit after US President Donald Trump confirmed his administration’s plan to hold out the inspection.
Throughout a flight to Washington on February 19, President Trump advised reporters he intends to go to the ability to confirm the gold reserves, in response to the Related Press. “We’re going to enter Fort Knox to verify the gold is there”, he mentioned.
This proposal was first promoted by the monetary weblog ZeroHedge and later backed by Elon Musk and Kentucky Senator Rand Paul.
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Following President Trump’s assertion, exercise surged on Polymarket, a cryptocurrency-based prediction platform. The chances of the audit occurring earlier than Might 2025 climbed above 70% at one level. As of the newest knowledge, the likelihood stood at 51%.
When requested what his administration would do if the audit discovered lacking reserves, President Trump mentioned he anticipated “the whole lot is ok with Fort Knox”. He didn’t immediately deal with issues about why the audit was essential however added, “If gold isn’t there, we’d be very upset”.
The audit could be the primary official overview of the gold reserves since 1974. Many within the cryptocurrency group assist the trouble, arguing that Bitcoin’s
$98,114.83
open and verifiable ledger provides a degree of transparency that gold can’t match.
President Trump not too long ago nominated Jonathan Gould to guide the Workplace of the Comptroller of the Foreign money (OCC). Who’s he? Learn the total story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.With near a decade of expertise within the FinTech trade, Aaron understands all the greatest points and struggles that crypto fanatics face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and trade newcomers.Aaron is the go-to individual for the whole lot and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to remodel the area as we all know it, and make it extra approachable to finish newcomers.Aaron has been quoted by a number of established shops, and is a broadcast creator himself. Even throughout his free time, he enjoys researching the market developments, and on the lookout for the subsequent supernova.
