Summary
- Arthur Hayes stated that President Donald Trump is unlikely to adopt Bitcoin (BTC) as a strategic reserve asset.
- He mentioned that the Trump administration's policy direction might conflict with purchasing BTC.
- The Trump administration should prioritize other policy tasks.
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer (CIO) of the Web3 venture capital firm Maelstrom, stated in an interview with CoinDesk on the 20th (local time) that "it seems unlikely that President Donald Trump will adopt Bitcoin (BTC) as a strategic reserve asset," adding, "I don't see how borrowing money to purchase BTC would benefit Trump's policies."
He continued, "I hope I'm wrong, but there are various things you can do with borrowed funds," and added, "It doesn't seem like Trump would use borrowed funds to buy BTC."
He further noted, "The Trump administration has a limited time to implement policies before the midterm elections, and there are many other tasks that should take precedence in terms of cost and time."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
