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US May Sell Gold to Buy Bitcoin for Strategic Reserve – Standard Chartered

  • The US government is considering selling part of its gold reserves to purchase Bitcoin as a modern hedge against inflation.
  • Bitcoin's rising institutional adoption and limited supply challenge the dominance of gold in central bank holdings.
  • The US government currently holds 198,109 BTC, valued at around $15.69 billion, and may use the Exchange Stabilization Fund for a Bitcoin purchase.
  • The Bitcoin Act 2024 could drive long-term accumulation of Bitcoin in the US financial system.

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