Hayes Skeptical on U.S. Government Bitcoin Buying Beyond Seized Assets


BitMEX co-founder Arthur Hayes doubts the U.S. will expand its #Bitcoin reserves beyond the 198,012 $BTC already seized from criminal cases.


The U.S. deficit position makes it politically challenging to print money specifically to buy Bitcoin, according to Hayes.


He believes the "popular narrative" of "Bitcoin bros going to the club" makes it difficult for politicians to justify such purchases.


Hayes remains confident that Bitcoin dominance will return to 70% before altcoin season begins, despite other analysts' skepticism.


Bitcoin dominance currently stands at 64.78%, having increased 11.68% since Jan. 1, when it was below 60%.


  www.youtube.com/watch?v=7GpQPi...

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May 05, 2025 at 12:33 AM
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