Ever wondered if a US Bitcoin Reserve could be used as a “potent political weapon”? Well, wonder no more! Arthur Hayes, a crypto industry bigwig, seems to think so. According to him, a strategic Bitcoin reserve could be a “net negative” for the industry.
Hayes, one of the founders of the BitMEX crypto exchange, argues that a potential Bitcoin stockpile would just be another financial asset that could be bought and sold at the drop of a hat.
“Imagine a million Bitcoin just sitting there, ready to be sold; it just takes a signature on a piece of paper,” Hayes said.
He even goes on to say that it could turn into a “potent political weapon” in the wrong hands. But, fear not, dear reader! This is all just speculation and opinion. There are, of course, others who believe that a national Bitcoin stockpile could be a good thing.
For instance, Asset management firm VanEck recently predicted that a Bitcoin reserve could reduce America’s national debt by 35% by 2
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2025-02-06 08:43