Arthur Hayes: "Low Possibility of U.S. Buying More Bitcoin"

Interest among investors in the U.S.'s strategic reserve of Bitcoin (BTC) is growing by the day. However, some speculate that the U.S. is unlikely to purchase additional Bitcoin for strategic reserves.

According to Cointelegraph, a cryptocurrency-focused media outlet, Arthur Hayes, the founder of BitMEX, stated in an interview, "I am not very interested in the U.S.'s strategic reserves," adding, "I don't think the U.S., currently running a deficit, will buy more Bitcoin for strategic reserves."

Hayes added, "The only way the U.S. can manage its Bitcoin reserves is by not selling the 200,000 Bitcoins it has seized."

This assertion stems from the speculation that the U.S. is unlikely to implement quantitative easing, which involves printing more money, to increase its Bitcoin reserves. Hayes said, "I don't think anyone in authority can publicly announce that they will print more money to buy Bitcoin."

The U.S. currently holds a total of 198,012 Bitcoins, which amounts to $19 billion at current market prices.

However, some industry experts remain optimistic about the formation of the U.S.'s strategic Bitcoin reserves. Sergej Kunz, co-founder of 1inch, said, "If the U.S. starts buying Bitcoin for strategic reserves, other countries might join the buying spree," adding, "Soon, there could be a competition over who holds more Bitcoin."