Lekker Capital founder: It is an absurd idea for the U.S. to purchase altcoins as a strategic reserve, and it will never happen

ChainCatcher news, according to Coindesk, hedge fund Lekker Capital founder Quinn Thompson stated that the idea of the U.S. purchasing altcoins as a strategic reserve is absurd and will never happen.

Previously, the New York Post reported that Trump "endorsed" the idea of creating tokens, including SOL, XRP, and Circle's USDC stablecoin, as part of a "America First Strategic Reserve."

Quinn Thompson explained, "The government has no authority to stake venture capital on altcoins. The rumors about establishing strategic reserves for other non-BTC currencies are another example of people taking a bad idea and treating it as fact."