Arthur Hayes: US Treasury Inflation and Stereotypes Hinder US Bitcoin Accumulation

BlockBeats News, May 4th. According to Cryptonews, BitMEX co-founder Arthur Hayes stated that the U.S. government is unlikely to increase its Bitcoin reserves through direct purchases due to two main factors. Firstly, the escalating national debt pressure, and secondly, the public's stereotypical perception of Bitcoin investors (the so-called "Bitcoin bros"). Hayes believes that this inherent stereotype will influence policymakers' decisions.

The U.S. government officially holds over 198,000 bitcoins, worth over $18 billion, mainly seized from criminal investigations such as the Silk Road and Bitfinex cases. Although Hayes believes that expanding these reserves through direct purchases is politically unfeasible, he reiterated his view that Bitcoin's dominance will return to around 70% of its pre-2021 levels and rise to $1 million per coin.