Energy and macro analyst Doomberg said in an interview published by Bitcoin Magazine that U.S. pressure on allied countries to keep holding U.S. Treasurys is changing how central banks calculate reserve assets. He argued that in a crisis, market participants sell what they can rather than what they want to sell, and said that dynamic helps explain gold’s short-term weakness since Feb. 28. Even so, Doomberg said the longer-term setup is "extremely bullish" for gold and Bitcoin as neutral reserve assets. He also said younger generations that rely heavily on the internet are more likely to choose Bitcoin as a reserve asset or store of value. The remarks were cited by ChainCatcher in a market analysis brief.
ChainCatcher reported that energy and macro analyst Doomberg said in an interview published by Bitcoin Magazine that U.S. pressure on allies to continue holding U.S. Treasurys is changing the way central banks calculate reserve assets.
Doomberg said that in a crisis, 「you sell what you can sell, not what you want to sell」, and said this helps explain gold’s short-term weakness since Feb. 28.
Long-term view on gold and Bitcoin
He said the situation is 「extremely bullish」 over the long run for gold and Bitcoin as neutral reserve assets.
Doomberg also said younger generations that are deeply dependent on the internet are more likely to choose Bitcoin as a reserve asset or a store of value.
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