The post Arthur Hayes: ‘Bitcoin Club’ Culture Could Keep U.S. Government Away From BTC appeared on BitcoinEthereumNews.com.

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,…

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Filed under: News - @ May 5, 2025 8:27 am