Golden Finance reported that 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 of borrowing money to buy Bitcoin on any of Trump’s platforms. What's the use?" 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 senior citizens who voted for you or to build more bombs for national defense? The 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, but there are a lot of other stakeholders who want to borrow it. The money will 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.