Arthur Hayes: I don't think Trump will take steps to establish a Bitcoin reserve

2025-01-21 08:05:10

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ChainCatcher news, BitMex co-founder and former CEO Arthur Hayes stated: "I don't think Trump will move to establish a Bitcoin reserve. After all, I don't see the point of borrowing money to buy Bitcoin on any of Trump's platforms."

He said: "Before destroying the bond market, you have so much borrowing power. Would you borrow money to buy Bitcoin? Would you borrow money to provide healthcare for the elderly who vote for you, or to make more bombs so that the defense lobby likes you? You can borrow money to buy many different things. I just don't think he would spend money on Bitcoin. While Bitcoin supporters believe Bitcoin is important, there are many other stakeholders who want borrowed money to end up in their pockets."

Regarding the implementation of a Bitcoin reserve, Hayes said, "I hope I'm wrong." But he pointed out that there is limited time before the midterm elections, which may restrict the ability to implement significant policy changes, and there are many other things that need time and budget allocation.

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