Arthur Hayes says he doesn’t think Trump will start building a Bitcoin reserve

PANews reported on January 21 that according to CoinDesk, BitMex co-founder and former CEO Arthur Hayes said: “I don’t think Trump will embark on building a Bitcoin reserve. At the end of the day, I don’t know what the use is of borrowing money to buy Bitcoin on any of Trump’s platforms.” He said: “Before destroying the bond market , you have so much borrowing power, would you lend money to buy Bitcoin? Provide healthcare for the elderly, or build more bombs so the defense lobby likes you? You can borrow money to buy a lot of different things. I just don't think he's going to spend it on Bitcoin though. Coins are important, but there are many other stakeholders who want borrowed money to go into their pockets.” Regarding implementing Bitcoin reserves, Hayes said “I hope I’m wrong.” But he noted that the limited time before the midterm elections could limit the ability to implement major policy changes and that there are plenty of other things to allocate time and budget to.