CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

cryptonews 2025-05-03 10:43:39

Arthur Hayes: US Unlikely to Buy Bitcoin Due to Debt and ‘Bro’ Stigma

The United States is unlikely to significantly increase its Bitcoin holdings, says BitMEX co-founder Arthur Hayes, citing the country’s ballooning national debt and the cultural image tied to Bitcoin investors. In a May 1 interview , Hayes cast doubt on the idea that the U.S. would proactively build a “strategic Bitcoin reserve,” beyond the nearly 200,000 BTC already in its possession—assets primarily seized from criminal investigations such as the Silk Road and Bitfinex cases. “The United States is a deficit country,” Hayes said. “the only way they can do a Strategic Reserve is not sell the Bitcoin they took from people, fine, that’s 200,000 Bitcoin.” Arthur Hayes Says U.S. Bitcoin Buying Unlikely While the U.S. government officially holds over 198,000 BTC worth more than $18 billion, Hayes believes expanding those reserves through direct purchases is politically implausible. He said it would be difficult for any “properly elected” official to justify printing more money to buy Bitcoin. “Especially when the popular narrative is a bunch of Bitcoin bros going to the club,” Hayes added. “Is that really what you want people to think about your policy?” The comments come weeks after former President Donald Trump signed an executive order to establish a U.S. strategic Bitcoin reserve, sparking debate over whether the move signals long-term institutional support or is more symbolic. Despite skepticism from Hayes, others in the crypto community believe such a move by the U.S. could trigger a global rush for Bitcoin. On the market side, Hayes reiterated his belief that Bitcoin dominance is heading back to pre-2021 levels near 70%, signaling a return to the familiar boom-and-bust cycle of Bitcoin surges followed by altcoin rallies. “It’s back at all-time highs; bull markets are back, and altcoins should outperform,” he said. “Should is the keyword there. Depends on what you buy.” Bitcoin dominance currently sits at 64.78%, up from just under 60% at the start of the year. While Hayes expects a return to historic highs, not everyone agrees. Analysts like Benjamin Cowen have argued that Bitcoin dominance is unlikely to reach 70% again. Others, such as CryptoQuant CEO Ki Young Ju, say traditional metrics for tracking altcoin season are outdated, with newer signals now driven more by fiat and stablecoin volume. Alt season is no longer defined by asset rotation from #Bitcoin . The surge in altcoin trading volume isn’t driven by $BTC pairs but by stablecoin and fiat pairs, reflecting real market growth rather than asset rotation. Stablecoin liquidity better explains the altcoin markets. pic.twitter.com/riejM7oXyk — Ki Young Ju (@ki_young_ju) December 2, 2024 Saylor’s Strategy Doubles Capital Raise for Bitcoin Purchase to $84B Despite the US government’s lack of interest in purchasing Bitcoin, public companies continue to show interest in the leading cryptocurency. Just recently, Michael Saylor’s firm, Strategy, announced it is doubling its capital raising plan to $84 billion in an aggressive push to acquire more Bitcoin. The Virginia-based company disclosed Thursday that it has filed to sell an additional $21 billion in common shares after depleting a previous program of the same size authorized in October. It also doubled its debt issuance target from $21 billion to $42 billion, leaving $14.6 billion remaining under its current authorization. In the first quarter of the year, publicly traded companies increased their Bitcoin holdings by 16.1%, signaling continued institutional interest in the leading cryptocurrency despite market volatility. The post Arthur Hayes: US Unlikely to Buy Bitcoin Due to Debt and ‘Bro’ Stigma appeared first on Cryptonews .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta