CryptocurrencyForex
globalreutersMarch 3, 20251 Mins read
Arthur Hayes, co-founder of BitMEX, dismisses Trump’s Bitcoin reserve – “just words”
globalreutersMarch 3, 20251 Mins read Trump posted on his own social network earlier endorsing a crypto reserve:
- Trump bails out Bitcoin – “to move forward on a Crypto Strategic Reserve”
- A US$195mn buy order was placed & filled on BTC and ETH before Trump’s announcement
Arthur Hayes, co-founder of BitMEX:
- Trump’s announcement not new
- “just words”
- needs congressional approval and the ability to borrow money or revalue gold, the government would have no funds to buy Bitcoin or other cryptocurrencies
This article was written by Eamonn Sheridan at www.forexlive.com.
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