Analysis: If the Federal Reserve is audited, it may weaken market confidence in the US dollar and accelerate the flow of funds to Bitcoin and gold

According to BlockBeats, on February 13th, according to The Block, there has been a renewed call for an audit of the Federal Reserve. This week, there has been widespread discussion on social media platform X, suggesting that not only should Ron Paul lead the audit of the Federal Reserve, but he may even become its chairman. This idea gained even more attention after receiving brief but strong support from Elon Musk, the head of the newly established Department of Government Efficiency (DOGE), known as the "Great Idea". Musk's statement has intensified speculation about whether the current government will push for transparency reforms in the Federal Reserve. The Federal Reserve has long maintained a high degree of independence to avoid political influence on monetary policy. However, Washington has been strongly opposed to the proposal of a Federal Reserve audit. Some experts believe that strengthening scrutiny of the Federal Reserve may weaken market confidence in the US dollar and accelerate the transfer of funds to alternative assets such as Bitcoin and gold. Cryptocurrency derivatives trader Gordon Grant said in an interview with The Block that Ron Paul's revelations about the Federal Reserve may, for the first time, prompt individual investors in the United States to question how robust their currency really is. The confrontation between Paul and the Federal Reserve may accelerate the market's transition towards tangible real-world assets, such as seamless POS transactions using tokenized gold and instant conversion to fiat currency, or using Bitcoin as an alternative asset. This situation may mark the beginning of the 'Minsky moment' for the US dollar. The 'Minsky Moment' refers to the eve of a market crash, when investors realize the fragility of the financial system and market confidence rapidly collapses, triggering panic selling, liquidity crises, and financial instability.