Arthur Hayes says that the US Bitcoin reserve. Uu. It can be “negative net”

The founder of Bitmex and investment director of the Maelstrom Fund (CIO), Arthur Hayes, says that a strategic bitcoins reserve of the United States could be a “net negative” for the cryptographic industry.

In a blog of February 6 mailHe warned that the btc reserve could be used as a “political weapon” if the Democrats win the 2028 elections and decide to sell the reserve.

Arthur Hayes says that the US bitcoin stockpile

Hayes continued arguing that the US potential. bitcoin The reservation would simply become another financial asset that can be purchased and sell.

“There would be 1 million bitcoin simply sitting there, ready to be sold,” said Hayes, and added that he will only take a “firm on a sheet of paper” to throw the reservation holdings in the market. This, he believes, makes bitcoin's possible reserve a “powerful” weapon for politicians.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”9.9294478527607″>

Be careful what you want …

“The genie” is an essay on my idea about how to devalue the treasure bonds against us <a target="_blank" href="https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$ btcwhile maintaining the USD as the CCy Global Reserve. Also why I think the United States <a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin The reserve is a terrible idea.https://t.co/dm8uvehpj8 pic.twitter.com/jwastzlmvr

– Arthur Hayes (@Cryptohayes) <a target="_blank" href="https://twitter.com/CryptoHayes/status/1887275853765353523?ref_src=twsrc%5Etfw”>February 5, 2025

“The fundamental problem when a government stores any asset is that they buy and sell the asset mainly for political and non -financial profits,” Hayes wrote in his blog post.

He added that bitcoin is just another financial asset in the eyes of the government, and does not benefit the United States in any way under the current structure of the global economic system.

Hayes warns that bitcoin Reserve could be an exercise to “establish and forget”

Hayes also questioned how involved the United States government in the cryptographic space would really be. He reflected if the government would be significantly involved with the web community donating the sponsor bitcoin Core development or nodes execute for the bitcoin block chain.

Although he did not rule out the possibility that the United States government could be active in cryptographic space, he said that bitcoin's strategic reserve seems to be an “established and forgotten” exercise of the way in which the government speaks the fund.

Related articles: