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Opinion: Trump plans to audit gold reserves or drive money to BTC
According to The Block, Fadi Aboualfa, head of research at Copper, said that Trump's plan to audit the gold reserves of Fort Knox in the United States could trigger a comprehensive review of gold holdings or prompt investors to switch to BTC. If a gold ETF cannot verify its full support, it may trade at a discount, triggering a global liquidity drain. Aboualfa noted that there could be a price disconnect between the spot market and unallocated gold ETFs as delivery delays intensify as Bank of America moves gold from London to New York. Given that the paper gold market is 133 times larger than the physical supply, this situation could trigger a global liquidity disruption and have an impact on the BTC market.