The co -founder of Bitmex, Arthur Hayes, says that the United States is unlikely to add more bitcoin to its reserves, exceeding what it has already seized due to high debt levels in the country and stereotypes behind “Bitcoin Bros”.
“I am not really in the entire strategic reserve position,” Heiz He said In the May 1 interview.
Hayes doubts Bitcoin printed plans
He said: “The United States is a deficit country; the only way they can do a strategic reserve is that they do not sell bitcoin that they took from people, rightly, i.e. 200,000 bitcoins.”
However, Hayes said it is difficult to imagine any “correctly elected” politician publicly declares that the government plans to print money to buy bitcoin (BTC).
“Especially when the popular narration is a group of Bitcoin Bros go to the club.”
“Does this really want people to think about your policy?” He asked.
On March 6, US President Donald Trump signed an executive order to create a strategic reserves for Bitcoin and the US -assets stock in the United States. The United States owns 198,012 Bitcoin worth more than $ 18 billion, according to recently Data. The reserve consists primarily of the bitcoin seized in criminal and civil cases, including large sums of the silk silk case and BitFinex penetration issues.
However, many encryption leaders believe that if the United States government begins to buy Bitcoin, this may lead to the influence of the aggressive domino.
Serge Konz, co -founder of Excination Agregator 1inch, said during the Cointelegraph longitude in Dubai.
He added. “I’m sure we will soon see countries fighting for those who have more bitcoin. The United States will start.”
Hayes sees Bitcoin to Altcoin
Hayes is still confident that the Bitcoin course leading to the Altcoin season will follow the same style as happened in 2021, despite the different opinions of other analysts.
Hayes said: “I personally think Bitcoin dominates where it was before the Altco 2021 season, which is about 70 %.”
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Hayes is not convinced that the pattern will change. “Then people begin to spin,” he said. Hayes said: “It has returned at its highest levels ever. The bull markets have returned, and altcoins must be out. It should be a major word there,” Hayes said. “Depends on what you buy,” added.
Related to: Bitcoin price is about to “explode” higher with a decrease in federal reserve rates to 60 %
Bitcoin – Bitcoin’s market value to the entire encryption market – 64.78 % at publication time, According to To TradingView Data.
This represents an increase of 11.68 % since January 1, when bitcoin dominance hovered just less than 60 %, a level in which some analysts said to its peak before the start of the Altcoin season.
Many analysts questioned that bitcoin dominance will return to 70 %.
One of these skeptics was in the founder of Cryptoverse Benjamin Cowen, who explained in August that he “does not think that it would return to 70 %”, and his goal of bitcoin dominance is 60 %.
Meanwhile, in December, CEO CEO CII Young Ju said, “Altseass is no longer specified by the asset rotation of Bitcoin.”
He said that the traditional signal that determines the start of the Altcoin season when the capital of Bitcoin revolves to Altcoins. Instead, Altcoin trading volume has become more prevalent against Stablecoin and Fiat.
magazine: Crypto wanted to topple banks, and now it’s in Stablecoin fighting
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