In X -weekend exchange, Elon Musk was pushed to expand the government efficiency department to reduce costs (DOGE) to one of the sites that the US Knox, the US Army, is said to have 4,580 tons of gold. The discussion, which was attracted with voices ranging from Bitcoin community to the legislators, has been sitting for decades about transparency and the actual contents of the acceptance of America’s golden.
Musk raises the conversation
Everything began when the Zerohedge (Zedohedget) financial news was frozen, indicating that “it would be great if Elonmusk can look inside Fort Nox only to ensure that there are 4,580 tons of American gold. The last time anyone looked at 50 since 50 Year in 1974. “
The tweet, which was seen by 1.9 million users and loved more than 59,000 times, prompted MUSK to the question: “It is certain that it was reviewed at least every year?” “It should be. Not.”
From there, community enlarged online with reactions, speculation and suggestions. Questions about the last comprehensive audit of Fort Knox Deportory have returned to appearing, along with constant rumors that the hidden had been sold or exhausted in another way.
It was not long before, Senator Rand Paul (R-Ky), 62, joined the conversation with brief support for an official examination, noting: “No. Let’s do that,” in response to Musk’s reflections. Paul’s father, former MP R-Texas, has a long history of calling for more transparency about the US gold reserves. In the seventies of the last century, the famous Ron Paul raised fears that gold may not be safe – or abundant – as he had long been believed.
It seems that the latest known visits to Fort Nox is in 1974, when journalists and members of Congress were allowed to intervene at home, and 2017, when the facility opened its doors briefly to former Treasury Secretary Steve Mnuchin. However, there is no record available to the public for a comprehensive comprehensive review in recent decades, providing conspiracy theories that gold may not be in Fort Nox at all.
It is estimated that if the burial’s basement already holds 4,580 tons of gold, it will reach a value of about $ 425 billion at the current market prices.
The effects of bitcoin
The spark of doubts about Fortnox’s holdings soon feed in a larger conversation about verifying Bitcoin. Nate Girassy, head of ETF store and co -founder of the ETF Institute, Note How can BTC eliminate suspicions of ownership. “If there is only a technological solution, it would allow anyone to independently verify the ownership of the origin,” said Gerasi, adding, “Refer to work, if FT KNOX does not have any of the gold … It is a game at all in BTC. IMO, Gold exists. But at least now everyone may appreciate the actual time and verification of the ownership of the assets.
Others chanted this feeling. Dennis Porter, CEO and founder of the Satoshi Law Fund, Assure Bitcoin transparency around the clock: “The states (and the federal government) should prefer Bitcoin instead of gold.
Meanwhile, the United States Senator Centum Lomes, a long -term defender of Bitcoin, is the Chairman of the Senate Banking Committee for Digital Assets during the era of US President Donald Trump, Confirm The necessity of a modern approach: “Bitcoin works to repair this. Bitcoin can scrutinize at any time 24/7 with a key computer. It is time to upgrade our reserves.”
Some took the scenario to the maximum imagination, as they expected potential results if the Fort Nox review of gold is much lower than it was officially reported. Walker, the Bitcoin host, has published a detailed virtual chain of events, starting with an inspired by Elon Musk, followed by the discovery that Fort Knox carries “less than 500 tons of gold.”
From there, he discovered that Trump might issue an executive order to form a strategic reserve for bitcoin, which led to an international competition on bitcoin while undermining the gold market. By the end of the full Walker scenario, “China and Russia realize that Trump has jumped to them and begins to try to get bitcoin,” which leads to a collapse in the value of gold for Bitcoin – while the golden voice supporter Peter Chef, as Walker put it, “was accepted in Mental Hospital. “
This is what will happen:
1. Elon pushes Trump to check Fort Nox.
2. The audit reveals that there is less than 500 tons of gold.
3. Trump realizes that China and Russia have more gold than the United States, but very little of bitcoin.
4. Trump issues EO for the strategic Bitcoin reserves, quoting … pic.twitter.com/hqrak7vmj1– walker⚡ (walkererica) February 16, 2025
Eric Balunas, Bloomberg analyst at ETF, responded to the bold Walker prophecy with the measured doubts, asking: “What a prediction. What is the percentage of the opportunity that you will give to this really happens?”
Whether these reviews come to fruits that are still unclear. As of this writing, there was no official confirmation from the US Treasury or the Ministry of Defense to open Fort Nox for a comprehensive public review. However, Fort Nox review can have tremendous effects on the price of gold and also on digital gold, bitcoin.
At the time of the press, BTC was traded at $ 96,383.
Distinctive image created with Dall.e, Chart from TradingView.com
