Gold is useless for banks.....
Your statement is useless too as you didn’t even back it up with anything.
I get it, we all love Bitcoin and we want to see more adoption. But let's open our eyes, they’re not going to drop their gold reserves just to buy Bitcoin. Like it or not, confidence in gold is still very high. Most countries’ reserves are still backed by it.
Sure, Bitcoin is more transparent thanks to the blockchain, but the risks like high volatility and market manipulation are still major concerns for them.
That’s why, even in the U.S., despite Trump publicly saying crypto could become a reserve asset, no state has actually made it a reality yet.
This is the harsh truth that bitcoin investors don't want to hear but you are right, we should open our eyes and accept the reality. Central banks, governments still believe in gold, they will not consider adding bitcoin to their reserves anytime soon, let alone sell gold just to get bitcoin.
We also need to accept the fact that bitcoin is volatile, risky and can bring high returns but it cannot compare to gold in terms of stability and safety. Meanwhile, that is what the government needs, they do not need assets that are too volatile and high risk because their goal is not profit but to protect and maintain the economy. So as long as bitcoin is volatile, I don't think banks will consider it.
This what central banks telliing to you public.
Imagine If powell or any others telling that guys let's take btc as reserve asset now......then btc will go up and retail will get their hands over btc.
You have to see bigger game here it's not what they say it's what the plan and do secretly.