The Dutch central bank has just removed all 86 tons of gold from the United States and Canada and transferred it to the Bank of England's vaults, citing rising geopolitical risks and the need to prepare for a severe crisis.
This move is more worth examining than the news itself. Over the past four years, global central banks have bought an average of 1,000 tons of gold per year, exactly twice the amount of the previous decade, and Goldman Sachs researchers have already raised their year-end gold price target to $4,900.
On the surface, it is a story about gold, but the underlying logic is clearest to the holders of $BTC . When sovereign institutions start moving wealth away from a certain place, they are voting with their actions. This year, the continued inflow of institutional funds into Bitcoin ETFs follows the same logic, and the stablecoin market cap in the $ETH ecosystem has also quietly hit a new high.
However, this time the Dutch chose to store their gold at the Bank of England rather than domestically or in some other neutral location. I have never quite understood this detail, and there may be another layer of consideration behind it that has not been stated.
Do you think this wave of central banks疯狂 hoarding gold will ultimately push more funds into $BTC ?
This move is more worth examining than the news itself. Over the past four years, global central banks have bought an average of 1,000 tons of gold per year, exactly twice the amount of the previous decade, and Goldman Sachs researchers have already raised their year-end gold price target to $4,900.
On the surface, it is a story about gold, but the underlying logic is clearest to the holders of $BTC . When sovereign institutions start moving wealth away from a certain place, they are voting with their actions. This year, the continued inflow of institutional funds into Bitcoin ETFs follows the same logic, and the stablecoin market cap in the $ETH ecosystem has also quietly hit a new high.
However, this time the Dutch chose to store their gold at the Bank of England rather than domestically or in some other neutral location. I have never quite understood this detail, and there may be another layer of consideration behind it that has not been stated.
Do you think this wave of central banks疯狂 hoarding gold will ultimately push more funds into $BTC ?