Matthew Sigel, head of digital asset research at VanEck, believes that if just 5% of the gold reserves held by the G8 countries were reallocated to Bitcoin, it would have a significant impact on Bitcoin's supply. The G8 countries, including the United States, Germany, Italy, France, Russia, China, Switzerland, and Japan, currently hold over 30,000 tons of gold, worth around $2.9 trillion. If they were to allocate 5% of their gold to Bitcoin, it would inject $145 billion into the market and result in over 1.48 million BTC being held by these countries. While not all G8 countries are currently friendly towards Bitcoin, the growing interest in the cryptocurrency suggests that such reallocations may be possible in the future.



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