- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Arthur Hayes: ‘Bitcoin Club’ Culture Could Keep U.S. Government Away From BTC
By: bitcoin ethereum news|2025/05/05 16:45:01
0
Share
The U.S. government currently holds approximately 198,012 BTC, valued at over $18 billion, primarily from legal seizures. Athur Hayes emphasized the improbability of additional purchases beyond these holdings. Industry experts, including Sergej Kunz of 1inch, warned that U.S. Bitcoin acquisitions could ignite global competition for the digital asset. Arthur Hayes, the co-founder of BitMEX, has questioned the U.S. looking to increase its Bitcoin holdings, given the country’s economic situation and image associated with the BTC enthusiasts. In an interview May 1, Hayes questioned any possible future moves by the U.S. government to make more Bitcoin purchases beyond those already ordered by legal enforcement actions. Arthur Hayes Speaks Up On U.S. Planning To Buy More Bitcoin “I’m not really into the whole Strategic Reserve situation,” he remarked . Arthur Hayes also suggested that the current U.S. economic situation makes additional BTC acquisition improbable. Furthermore, he pointed to America’s deficit-induced economy as the main reason why it isn’t able to purchase more of the digital asset. Hayes noted: “The United States is a deficit country; the only way they can do a Strategic Reserve is not sell the Bitcoin they took from people, fine, that’s 200,000 Bitcoin.” According to recent estimates, the U.S. government controls roughly 198,012 BTC, valued at over $18 billion. Some of these assets belong to criminals and other seizures from major cases, such as the Silk Road takedown or the Bitfinex hack. The political feasibility of provoking an increase in Bitcoin holdings was then questioned by Hayes. He said “It’s hard to imagine any ‘properly elected’ politician openly announcing that the government plans to print money to buy Bitcoin,” He also criticized the public perception surrounding Bitcoin culture, saying, “...Especially when the popular narrative is a bunch of Bitcoin bros going to the club.” Arthur Hayes then rhetorically asked, “Is that really what you want people to think about your policy?” While this has given the conversation around state-level BTC adoption to grow as a result, there are still these concerns. On March 6, former President Donald Trump signed an executive order aimed at creating a strategic Bitcoin and digital asset reserve. The initiative signals a formal recognition of digital assets, though it has yet to be matched with large-scale federal purchases of BTC. Crypto Industry Stakeholders Weigh In On BTC Adoption Industry voices have warned that if the U.S. were to actively acquire BTC, it could trigger global competition for the crypto. Sergej Kunz, co-founder of crypto aggregator 1inch, commented during the LONGITUDE event in Dubai that smaller nations may find themselves at a disadvantage. “I’m pretty sure we’ll soon see countries battling over who owns more Bitcoin,” he said. Kunz added, “The U.S. will start.” In addition to weighing in on government adoption, Arthur Hayes also addressed market trends, particularly the cyclical movement between BTC and alternative cryptocurrencies. He remains firm in his belief that the crypto market will repeat its historic patterns. At present, Bitcoin dominance stands at 64.78%, reflecting a notable rise from earlier this year. Source: https://www.crypto-news-flash.com/arthur-hayes-bitcoin-club-culture-could-keep-u-s-government-away-from-btc/?utm_source=rss&utm_medium=rss&utm_campaign=arthur-hayes-bitcoin-club-culture-could-keep-u-s-government-away-from-btc
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App