Doomberg: US Treasury Sanctions are “Wildly Bullish” for Bitcoin & Gold

U.S. pressure to hold Treasuries forces central banks to sell what they can, says Doomberg, setting up a wildly bullish long-term case for gold and Bitcoin. What happens to reserve assets when you’re not allowed to sell them? Doomberg argues that U.S. pressure on allies to hold their Treasuries changes the math for central banks, and that in a crisis “you sell what you can sell, not what you want to sell.” That explains gold’s short-term weakness since February 28th, but in the long run he sees it as wildly bullish for gold and Bitcoin as neutral reserve assets.