PayPal's ex-President suggests rotating small fraction of gold reserves into Bitcoin slowly for Strategic National Reserve, advising caution.

David Marcus, CEO of Lightspark, expressed his belief on Tuesday that Bitcoin is a superior investment compared to gold, suggesting that the federal government should consider reallocating a portion of its bullion reserves into the leading cryptocurrency. Speaking on Bloomberg TV, Marcus advocated for selling gold to acquire Bitcoin for the Strategic National Reserve, emphasizing the clear advantages of Bitcoin over gold. Despite his support for the idea, Marcus recommended a cautious and gradual approach to the transition, proposing a slow and calculated transfer of a small fraction of the gold reserves into Bitcoin. He warned against hasty decisions and recommended either a careful implementation or no change at all. Marcus highlighted the potential risks of a rapid shift to Bitcoin, particularly if there is a change in the government's stance. For more details, refer to the complete article on Benzinga.com.