The co -founder of Bitmex, Arthur Hayes, says that the United States is unlikely to add more bitcoin to its reserves beyond what has already seized due to the high levels of debt of the country and the stereotype behind “Bitcoin Bros”.
“I really don’t like the entire strategic reserve situation,” said Hayes in an interview on May 1.
There are doubts printed money plans for Bitcoin
“The United States is a country of deficit; the only way they can make a strategic reserve is not to sell the bitcoin they took from people, well, that’s 200,000 bitcoin,” he said.
However, Hayes said it is difficult to imagine that any “duly chosen” politician openly announce that the government plans to print money to buy Bitcoin (BTC).
“Especially when the popular narrative is a lot of Bos Bitcoin that go to the club.”
“Is that really what people think about your policy?” asked.
On March 6, the president of the United States, Donald Trump, signed an executive order to create a strategic Bitcoin reserve and a digital asset storage in the United States. The United States has 198,012 Bitcoin worth more than $ 18 billion, according to recent data. The reserve is mainly formed by Bitcoin seized in criminal and civil cases, including significant amounts of the Silk and Bitfinex route.
However, many leaders of the cryptographic industry believe that if the United States government begins to buy Bitcoin, it could trigger an aggressive domino effect.
Sergej Kunz, co -founder of Exchange Aggregator 1 in, said during the Cointelegraph length event in Dubai that if the United States began to buy Bitcoin for a strategic reserve, even the smallest countries can soon fight to acquire the cryptocurrency.
Added. “I am quite sure that we will soon see countries that fight for who has more Bitcoin. The United States will begin.”
Hayes sees Bitcoin to Altcoin Rotation Playbook Stays the same
Hayes is still sure that the Bitcoin cycle that leads to the Altcoin season will follow the same pattern as in 2021, despite the different opinions of other analysts.
“Personally, I think Bitcoin’s domain goes back where he was before the 2021 Altcoin season, which is about 70%,” said Hayes.
https://www.youtube.com/watch?v=oqemr3g8dai
Hayes is not convinced that the pattern changes. “Then people start turning,” he said. “It is back in the maximum of all time; the bullies have returned and Altcoins should overcome. There should be a keyword there,” said Hayes. “It depends on what you buy,” he added.
Related: Bitcoin’s price about to ‘exploit’ higher as the Fed rate reduces 60% probabilities
Bitcoin’s domain, the relationship between Bitcoin market capitalization to the entire cryptography market, is 64.78% at the time of publication, according to TrainingView data.
This represents an increase of 11.68% since January 1, when Bitcoin’s domain was around 60%, a level at which some analysts said it would be their peak before the Altcoin season began.
Several analysts doubted that Bitcoin’s domain would return to 70%.
One of those skeptics was at the founder of Cryptoaver Benjamin Cowen, who explained in August that he does not “think he will return to 70%”, and his goal for Bitcoin’s domain is 60%.
Meanwhile, in December, CEO Ki Young Ju cryptocant said: “The Altsonos season is no longer defined by the rotation of Bitcoin assets.”
He said that the traditional signal that marks the beginning of a Altcoin season when the capital rotates from Bitcoin to Altcoins is outdated. On the other hand, Altcoin’s volume has become more frequent against Stablecoin and fiduciary currency pairs.
Magazine: Crypto wanted to overthrow the banks, and now he is becoming the stablecoin fight
