Former Meta director David Marcus suggested exchanging a portion of the U.S. gold reserves for Bitcoin, citing the strategic benefits of cryptocurrency.
Marcus' Stance on Gold and Bitcoin
Marcus stated that the U.S., as the largest holder of gold in the world, could consider exchanging part of its reserves for Bitcoin. He believes that Bitcoin has greater growth potential and appeal compared to gold over the coming decades.
A Brand-New Day for Cryptocurrencies in the US
Marcus noted it's a 'brand-new day' for cryptocurrencies in the US, expressing confidence that the crypto 'revolution' could fundamentally change the financial system.
David Marcus: Past and Future
Since leaving Meta, where he led the Libra project, Marcus shared that the project was shut down due to regulatory pressures. Nonetheless, he founded Lightspark, a new company focused on cryptocurrencies, and sees positive prospects for cryptocurrencies in the US.
David Marcus' idea to swap gold for Bitcoin may stand as a significant proposal in the development of the cryptocurrency industry, particularly amidst favorable changes in the perception of cryptocurrencies in the US.
