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Arthur Hayes Skeptical of U.S. Bitcoin Strategic Reserve: “Bitcoin Bros at the Club” Could Undermine Adoption Narrative AI Summary BitMEX Co-Founder Doubts U.S. Will Buy More BTC Despite $18B Holdings Arthur Hayes, the co-founder of BitMEX, has cast doubt on the likelihood of the United States government expanding its Bitcoin reserves, citing the country’s rising debt, political optics, and the cultural perception of crypto holders. In a May 1 interview, Hayes argued that the idea of the U.S. printing money to buy Bitcoin is politically unpalatable, especially amid persistent stereotypes around so-called "Bitcoin bros." Hayes: U.S. unlikely to purchase more Bitcoin beyond seized funds “The United States is a deficit country; the only way they can do a strategic reserve is by not selling the Bitcoin they took from people,” said Hayes, referencing the 198,012 BTC already held by the U.S. government — currently valued at over $18 billion. These holdings stem largely from seizures related to Silk Road, Bitfinex, and other enforcement actions. Hayes questioned whether any elected official would risk political backlash by proposing to print dollars to buy more BTC, especially while mainstream narratives continue to portray Bitcoin users as club-hopping tech bros. “Is that really what you want people to think about your policy?” Hayes asked. Strategic reserve talk raises global accumulation fears The idea of a U.S.-led strategic Bitcoin reserve has gained momentum following former President Donald Trump’s March 6 executive order to create a national digital asset stockpile. While the current reserve is composed entirely of seized assets, the order has fueled speculation of future purchases. Crypto leaders warn that such a move could ignite a global race for BTC. “If the U.S. starts buying Bitcoin for a reserve, other countries will rush to accumulate it too,” said 1inch co-founder Sergej Kunz at Cointelegraph’s LONGITUDE event in Dubai. Hayes still sees a traditional Bitcoin-to-altcoin rotation While dismissive of the U.S. Bitcoin reserve idea.
New Hampshire Poised to Establish Bitcoin Strategic Reserve According to PANews, New Hampshire is on track to become the first U.S. state to establish a Bitcoin strategic reserve. Jason Osborne, the Majority Leader of the New Hampshire House of Representatives, announced this development, highlighting the competitive race among states. He noted that the governor who signs the bill first will make history.
BNB Surpasses 600 USDT with a 0.27% Increase in 24 Hours On May 03, 2025, 20:03 PM(UTC). According to Binance Market Data, BNB has crossed the 600 USDT benchmark and is now trading at 600 USDT, with a narrowed 0.27% increase in 24 hours.
Japan threatens to offload its $1 trillion US Treasury holdings if Trump trade talks don’t go well Japan just pulled out the sharpest blade it’s got in the drawer — $1.13 trillion in US Treasury bonds. That’s what Finance Minister Katsunobu Kato waved in America’s face on Friday, right on national television. Asked if Japan would ever use its role as the world’s biggest foreign holder of US government debt as a weapon in trade talks with President Donald Trump’s administration, Kato didn’t blink. He said, “It does exist as a card,” and tossed that line like a lit match. “Whether or not we use that card is a different decision.” This wasn’t some offhand comment either. Japan has always avoided even talking about dumping Treasuries. But now, with Trump throwing around “reciprocal” tariffs like candy since April 2, Tokyo’s keeping its options open. That tariff stunt already sent US markets into a tailspin. Treasury yields spiked, bonds got dumped, and traders panicked. After the chaos, Trump paused the tariffs for 90 days, but of course, the damage was already done. Japan uses bond threat to push back on Trump’s tariff war Kato’s words landed hours after Ryosei Akazawa, Japan’s top trade negotiator, wrapped up another tense meeting in Washington. He sat down with Scott Bessent, Trump’s Treasury Secretary, and other White House officials. No details were made public, but diplomatic sources say they talked about US car imports, energy, and agriculture deals. The trade surplus with the US is a long-time sore spot, and Trump wants it cut—fast. The Japanese side might consider buying more American gas and farm goods. But that’s not happening without a fight. Kato, who met Bessent personally in the last week of April, is one of the key guys in this whole thing. And he’s clearly had enough. Analysts are calling it what it is: a warning shot. Nicholas Smith, chief Japan strategist at CLSA, said, “This is a street fight. Promising not to use one of your strongest, most brutal weapons would be both naive and reckless.
#ArizonaBTCReserve Bitcoin is a cryptocurrency, a digital asset that uses cryptography to control its creation and management rather than relying on central authorities.[1] Originally designed as a medium of exchange, Bitcoin is now primarily regarded as a store of value. The history of bitcoin started with its invention and implementation by Satoshi Nakamoto, who integrated many existing ideas from the cryptography community. Over the course of bitcoin's history, it has undergone rapid growth to become a significant store of value both on- and offline. From the mid-2010s, some businesses began accepting bitcoin in addition to traditional currencies.[2
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