Opinion: Trump's plan to audit gold reserves may drive funds towards BTC

ChainCatcher news, according to The Block, Copper's research director Fadi Aboualfa stated that Trump's plan to audit the Fort Knox gold reserves may trigger a comprehensive review of gold holdings or prompt investors to turn to Bitcoin. If gold ETFs cannot verify their full backing, they may trade at a discount, leading to a loss of global liquidity.

Aboualfa pointed out that as U.S. banks transfer gold from London to New York, delivery delays are worsening, and there may be a price dislocation between the spot market and unallocated gold ETFs. Given that the paper gold market is 133 times the size of the physical supply, this situation could lead to global liquidity disturbances and impact the Bitcoin market.