"Positive Impact on Virtual Assets if US Gold Reserves Verified via Blockchain"

Son Min

Summary

There was a claim that verifying the US gold reserves through blockchain would be positive for virtual assets.
Cipolaro stated that gold tokenization and blockchain-based tracking technology do not compete with the virtual asset market but rather enhance blockchain awareness.
The President and Tesla CEO have previously raised questions about the US gold reserves.

A claim has emerged that transparently verifying the United States' gold reserves using blockchain technology would greatly benefit virtual assets (cryptocurrencies).

According to Cointelegraph on the 23rd (local time), Greg Cipolaro, Head of Research at New York Digital Investment Group, stated in a report, "Officials from the Trump administration proposed using blockchain to track the US gold reserves and government spending," adding, "This approach would greatly benefit virtual assets."

He elaborated, "The idea of tokenizing gold or blockchain-based tracking is not in competition with the virtual asset market. Rather, it can contribute to raising awareness about blockchain," explaining that while tokenized gold is necessarily centralized, Bitcoin is fundamentally designed to be decentralized and thus not a direct competitor.

Meanwhile, US President Donald Trump and Tesla CEO Elon Musk have previously raised questions about whether the US actually holds the gold recorded in the Treasury report.