Arthur Hayes: I believe that Trump will not start building a Bitcoin reserve

BitMex co-founder and former CEO Arthur Hayes said, "I don't think Trump will start building a Bitcoin reserve. After all, I don't know what the point is of borrowing money to buy Bitcoin on any of Trump's platforms."

He said, "You have so much borrowing power before destroying the bond market. Would you borrow money to buy Bitcoin? Would you borrow money to provide healthcare for your elderly voters or make more bombs so that defense lobbying groups like you? You can borrow money to buy many different things. I just don't think he would spend it on Bitcoin. Although Bitcoin supporters believe that Bitcoin is important, there are many other stakeholders who hope that borrowed money can go into their pockets."

Regarding implementing a bitcoin reserve, Hayes said "I hope I'm wrong." But he pointed out that time is limited before midterm elections which could limit the ability to implement major policy changes and there are also many other things requiring allocation of time and budget.