Arthur Hayes: I don’t think Trump will start building a Bitcoin reserve

Arthur Hayes, co-founder and former CEO of BitMex, said: "I don't think Trump will set about building a Bitcoin reserve. At the end of the day, I don't know what the use of borrowing money to buy Bitcoin is on any of Trump's platforms." He said: "You have so much borrowing power before you destroy the bond market. Would you borrow money to buy Bitcoin? Would you borrow money to provide health care for the elderly who voted for you, or to build more bombs so that the defense lobby likes you? You can borrow money to buy a lot of different things. I just don't think he will spend money on Bitcoin. While Bitcoin supporters think Bitcoin is important, there are many other stakeholders who want borrowed money to go into their pockets." Regarding implementing a Bitcoin reserve, Hayes said "I hope I'm wrong." But he pointed out that the limited time before the midterm elections may limit the ability to implement major policy changes, and there are many other things that need to allocate time and budget.