U.S. Government Won’t Buy Bitcoin for a Reserve, Says BitMEX co-founder Arthur Hayes

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He said the idea of elected officials approving such a move seems far-fetched, especially given the public image of “Bitcoin bros partying at clubs.” Even though the U.S.already holds around 200,000 BTC seized from criminal cases, Hayes doesn’t believe that holding will grow intentionally.

Hayes also believes a major crypto boost could come from China if Hong Kong ETFs open up to mainland investors, and even suggests EU governments may secretly buy crypto as inflation bites.

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Article Details

Author / Journalist: Sohrab Khawas

Category: Crypto

Markets: United StatesChinaHong Kong

Topics: News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 07:15:25 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 28329285

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Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 15 posts per day

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Headquarters: United States

News Last Updated: 16 hours ago

Coverage Areas: United States

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