Bitcoin Reserve Plan Gets Federal Reserve Review In Latest Report

Description

A new Federal Reserve research note has given the most detailed official assessment to date of proposals to finance a US Strategic Bitcoin Reserve (SBR) by re-marking the Treasury’s gold hoard to market—and the verdict is cautious. In “Official Reserve Revaluations: The International Experience,” senior economist Colin Weiss reviews five historical cases in which governments tapped unrealised gains on gold and foreign-exchange reserves and weighs what such a manoeuvre might mean for the United S...