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 power to confirm the gold reserves, in accordance with the Related Press. “We’re going to enter Fort Knox to verify the gold is there”, he stated.
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 Could 2025 climbed above 70% at one level. As of the most recent information, the likelihood stood at 51%.
When requested what his administration would do if the audit discovered lacking reserves, President Trump stated he anticipated “all the things is ok with Fort Knox”. He didn’t instantly handle considerations about why the audit was mandatory 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 neighborhood help the hassle, arguing that Bitcoin’s
$98,343.69
open and verifiable ledger gives a degree of transparency that gold can not match.
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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 Battle II period.With near a decade of expertise within the FinTech business, Aaron understands the entire 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 business newcomers.Aaron is the go-to particular person for all the things and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to rework the area as we all know it, and make it extra approachable to finish newbies.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 tendencies, and on the lookout for the subsequent supernova.
