Economist Criticizes Bitcoin As A Reserve Asset

According to Odaily, traditional economist and Johns Hopkins University professor Steve Hanke has expressed opposition to allocating U.S. reserve funds to Bitcoin. Hanke argues that diverting funds to Bitcoin could hinder economic growth, as these savings are not invested in tangible capital assets. He emphasized the importance of enhancing productivity to improve living standards and described the idea of Bitcoin reserves as "the most foolish idea."