Arthur Hayes: Bitcoin reserves could eventually become "powerful weapon"
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"In general, many misguided cryptocurrencies want the U.S. government to print the dollar and buy bitcoin as part of the national reserve," said BitMEX co-founder Arthur Hayes in a February 6 blog. ...I think these people are asking for something wrong”. Hayes believes that potential Bitcoin reserves will be just another financial asset that can be bought and sold, and establishing a national Bitcoin or cryptocurrency reserve will turn any cryptocurrency held by the government into a "political weapon."