Sebastian Bea of Coinbase highlighted that the U.S. Gold reserves are still undervalued at 42.22 USD per ounce while the market price exceeds 3,300 USD per ounce, suggesting a legislative change could unlock 100 billion USD for Bitcoin.
As Bitcoin price struggles around the 95,000-96,000 USD range, Bea’s proposal could incite global competition for Bitcoin acquisition, similar to the existing gold race, redefining governmental strategies towards Bitcoin and digital assets.
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