Elon Musk’s D.O.G.E. Set to Investigate Fort Knox’s $425B Gold Reserve

A groundbreaking D.O.G.E. probe has catalyzed immoderate much aggravated statement crossed aggregate fiscal sectors aft Elon Musk brought to the aboveground questions astir the Fort Knox’s $425 cardinal golden stockpile verification process. The Department of Government Efficiency (D.O.G.E.) has engineered a broad reappraisal to verify whether Fort Knox really maintains its reported 4,580 tons of gold, revolutionizing accepted Treasury oversight.

Surely it’s reviewed astatine slightest each year?

— Elon Musk (@elonmusk) February 15, 2025

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How Elon Musk’s D.O.G.E. Investigation Could Impact Fort Knox’s Gold Reserves

Source: CryptoSlate

Political Response and Bitcoin Alternative

The D.O.G.E. probe has leveraged important governmental momentum, with respective cardinal lawmakers spearheading enactment initiatives.

Senator Rand Paul said:

“Nope. Let’s bash it”

Senator Cynthia Lummis had this to say:

“Bitcoin fixes this. A bitcoin reserve could beryllium audited anytime 24/7 with a basal computer. It’s clip to upgrade our reserves.”

Bitcoin fixes this.

A bitcoin reserve could beryllium audited immoderate clip 24/7 with a basal computer.

It’s clip to upgrade our reserves. https://t.co/ViA9FuJTg4

— Senator Cynthia Lummis (@SenLummis) February 16, 2025

The BITCOIN Act Initiative

Source: lummis.senate.gov

This pivotal D.O.G.E probe comes aft Senator Lummis created the groundbreaking Bitcoin Act, which aims astatine creating a strategical reserve formed retired of 1 cardinal Bitcoins, which would beryllium optimizing a whopping magnitude of 5% of the full BTC supply. The inaugural deploys unafraid Bitcoin vaults operated done immoderate blase Treasury protocols. This would beryllium leveraging the existing Federal Reserve and Treasury resources.

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How States Use & Their Own Gold

Several large states person spearheaded their ain cryptocurrency initiatives portion Fort Knox discussions proceed astatine the national level. Pennsylvania, Texas, Wyoming, Arizona, and Wisconsin person engineered innovative state-based Bitcoin reserve strategies, catalyzing important momentum for cryptocurrency adoption crossed assorted authorities sectors.

The Treasury has leveraged its existing 200,000 BTC holdings, chiefly acquired done strategical plus seizures coordinated by US Marshals. Under the groundbreaking BITCOIN Act, these integer assets would beryllium integrated into Treasury operations, pioneering a caller epoch of nationalist cryptocurrency reserves.

The Current Position of the Treasury

A pivotal inspection of Fort Knox was conducted successful 2017 during Treasury Secretary Steve Mnuchin’s visit. The installation had remained sealed since 1974, erstwhile prime journalists and lawmakers gained unprecedented entree pursuing wide concerns astir missing gold. The vault’s blase information architecture requires aggregate authorized unit for access, presenting ongoing challenges for broad verification.

Also talking astir golden reserves, Senator Lummis said:

“A bitcoin reserve could beryllium audited anytime 24/7 with a basal computer. It’s clip to upgrade our reserves.”

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