The idea of establishing a Bitcoin strategic reserve in the US has sparked controversy and differing opinions. Some experts see it as a threat to the industry, while others see economic benefits.
Arthur Hayes' Perspective
Maelstrom Fund's Chief Investment Officer Arthur Hayes argues that a Bitcoin strategic reserve could become a 'potent political weapon' in the US. Hayes believes that the reserve would be used for political rather than financial purposes. He sees it as merely another financial asset that can be bought and sold. "There would be 1 million Bitcoin just sitting there, ready to be sold; it just takes a signature on a piece of paper," said Hayes.
Optimistic Projections
Other experts have a more optimistic view on the prospect of a national Bitcoin reserve. Asset management firm VanEck predicts that such a reserve could reduce the US national debt by 35% by 2049. Strategy’s executive chairman Michael Saylor believes it could strengthen the US dollar and help the US lead in the 21st-century digital economy.
Current Status and Predictions
Under the Trump administration, the idea of a Bitcoin strategic reserve is still under consideration. Prediction market platforms like Polymarket and Kalshi place the odds of establishing a reserve by 2025 at 46% and 58%, respectively.
The idea of a Bitcoin strategic reserve continues to garner both support and criticism. Time will tell which predictions are more accurate, but it is clear that Bitcoin remains a significant topic for political discussion.
