According to Foresight News, crypto analyst Willy Woo commented that the US government should "reassess its gold strategic reserves based on market prices: sell gold, buy BTC, launch an X-prize-style competition for the US private space industry to mine near-Earth asteroids for commodities, which would create long-term downward pressure on the gold strategic reserves of competitors (China) and and trigger a wave of early BTC hoarding by the United States.
Additionally, as the other party to transactions, Tether's scale has grown in synchronized with with BTC.. Therefore, USDT market operations support US Treasury purchases, replacing China's selling of US Treasury bonds.
