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Add as a preferred source on GoogleDoomberg Ties U.S. Pressure to Hold Treasuries to Long-Term Case for Bitcoin and Gold
U.S. pressure on allies to hold Treasuries may shape what central banks sell in a crisis.
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Doomberg argued that U.S. efforts to persuade allies to retain Treasury debt could limit central banks’ crisis options, a dynamic he connected to a long-term role for Bitcoin and gold in reserves.
He linked that pressure to gold’s weakness since Feb. 28. In Doomberg’s view, the short-term decline fits a longer-term case for gold and Bitcoin as neutral reserve assets.
Doomberg also connected Bitcoin’s appeal with the online habits of younger generations, whom he said are more likely to choose the cryptocurrency.