Willem Middelkoop: Central-Bank Gold Buying and the Debasement Case for a $1M Bitcoin

Bitcoin Magazine

Central banks are buying gold at an unprecedented pace, yet Bitcoin is something they avoid. Willem Middelkoop, who founded the Commodity Discovery Fund and wrote The Big Reset, says the reason is that central banks prefer holdings they can control. Bitcoin’s price, supply, and market remain beyond their reach. He says institutional investors, his own fund among them, have used ETFs to gain Bitcoin exposure.

The interview begins with oil prices, Iran and the Gulf and then turns to the debasement trade, which brings together Bitcoin, gold and the commodity bull market. Middelkoop addresses The Big Reset and whether the dollar system is in its last inning, as well as BRICS, de-dollarization and weaker demand for U.S. Treasuries. He also discusses central banks’ gold buying and China’s accumulation, a 25% portfolio model spanning real estate, gold, equities and Bitcoin, and the reason central banks won’t hold Bitcoin they cannot control. The conversation moves on to Bitcoin versus gold, whether Bitcoin’s correction is finished, Bitcoin Amsterdam and the “Mad Max” Bitcoin scenario, and Middelkoop’s $1 million Bitcoin target for 2030.

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