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 Could 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 “all the pieces is ok with Fort Knox”. He didn’t immediately deal with issues about why the audit was crucial however added, “If gold isn’t there, we’d be very upset”.
The audit can be the primary official assessment of the gold reserves since 1974. Many within the cryptocurrency neighborhood help the trouble, arguing that Bitcoin’s
$98,234.05
open and verifiable ledger affords a stage 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 largest points and struggles that crypto lovers face. He’s a passionate analyst who is worried 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 pieces and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to remodel the house as we all know it, and make it extra approachable to finish novices.Aaron has been quoted by a number of established retailers, and is a broadcast writer himself. Even throughout his free time, he enjoys researching the market tendencies, and on the lookout for the following supernova.
