- BitMEX co-founder Arthur Hayes suggests that the United States Bitcoin Reserve is unlikely to add to its holdings.
- Currently, the US Government is researching the viability of budget-neutral ways to buy BTC as a strategic investment.
- However, Hayes argues that this would be a bad look for the current Government due to ‘Bitcoin bros in the club’.
- The current Trump administration is already dealing with image concerns, with several polls showing record-low approval ratings.
Bitcoin has started to turn things around after a lackluster start to 2025. Following a series of all-time highs on the back of Trump’s November election, Bitcoin has struggled for the best part of the year, but has moved back toward US $100k (AU $154k) amid growing institutional interest.
Despite this, BitMEX co-founder Arthur Hayes believes the United State’s investigation of a ‘budge-neutral’ Bitcoin Reserve will ultimately come up short.
In his latest half-hour interview with crypto personality Kyle Chasse, Hayes dives into BTC’s short and long-term future, and explains why he thinks the coin can break $1 million USD by the close of the decade.
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‘Bitcoin Bros’ Could Dissuade Government From Bitcoin Reserve
Hayes, ever the outspoken commentator, pointed the finger at ‘Bitcoin Bros’ as the reason Trump’s administration is unlikely to ‘print money’ to buy more BTC.
…I just don’t see how a politician who’s popularly elected goes and says, “We’re going to print some money to buy Bitcoin. Especially when…the popular narrative is a bunch of…Bitcoin bros going to the club buying bottles. Like, is that really what you want people to think about your policy?
Arthur Hayes, BitMEX co-founderTrump’s crypto taskforce previously stated they would look into non-taxpayer ways to add more Bitcoin to the existing Strategic Reserve (which comprises seized assets).
However, with tariffs up in the air, Hayes believes too many factors will dissuade the Government from doing so.
The United States is a deficit country…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, BitMEX co-founderCan Bitcoin Hit One Million USD Before 2030? Hayes Says Yes
Although Hayes isn’t confident that the BTC Strategic Reserve is a huge coup for the industry, he still has utmost faith in Bitcoin’s future.
The BitMEX founder argues that Bitcoin’s price is on track to break $1 million USD by 2028 – the end of Trump’s term as President.
Hayes believes that the American debt is only going to increase over the next few years, due to increased supply chain costs and expenditure on healthcare as the population ages.
Increased US Government spending – historically – has given Bitcoin’s price a hefty boost. And Hayes thinks, with institutional demand soaring, history will repeat itself.
We now have an ETF. We now have this um this narrative in an institutional investor’s mind that oh, Bitcoin is not just NASDAQ high beta. It’s actually a hedge against the fall of American exceptism, the fall of the American hegemonic empire
Arthur Hayes, BitMEX co-founderCredit: Source link
