💬 Arthur Hayes: "Bitcoin bros in clubs — that's why the USA won't be buying BTC"
🗣️ The co-founder of BitMEX doubts that the US government will start buying Bitcoin en masse, even if the asset becomes strategic.
🗣️ "America is a country of scarcity. They can only not sell the already confiscated ~200,000 BTC. But printing dollars to buy Bitcoin — no politician would agree to that," says Hayes.
🗣️ The reason is the image of Bitcoin bros in nightclubs. This is still how society associates crypto, and politicians do not want to be associated with such a narrative.
ℹ️ As of today, the USA owns over 198,000 BTC (~$18 billion) — mainly through confiscations (Silk Road, Bitfinex, etc.). But new purchases are unlikely.
🕯 Regarding the market: Hayes believes that the scenario "Bitcoin → alt-season" will remain as in 2021.
🗣️ Other analysts are already doubting that BTC dominance will return to 70% — the market has changed.
