Co-founder of the exchange BitMEX Arthur Hayes called Donald Trump's statement about creating a cryptocurrency reserve fund "empty words."
On March 2, the US President сообщил that he gave his henchmen the order to “move forward” in the area of establishing a state fund of digital assets, which will include the following cryptocurrencies:
Trump's statement had a magical effect on the digital asset market and caused a pump, which resulted in the level of cryptocurrency capitalization increased by 8,9% over the past day and once again exceeded $3 trillion. However, Hayes does not share the optimism of traders and is skeptical about Donald's address.
Nothing new. Just empty words. Let me know when Congress approves borrowing or revaluing gold [apparently stored at Fort Knox] higher. Without it, they won't have the money to buy bitcoins and shitcoins, wrote Arthur.
According to the U.S. Treasury Department, the federal budget deficit in fiscal year 2024, which ended September 30, 2024, was $1,83 trillion, up $138 billion from the previous reporting period. So Hayes isn't lying when he says the U.S. government doesn't have the funds to buy cryptocurrencies.
But one commentator suggested that a digital asset fund could be created without congressional approval, and that coins confiscated from criminals would initially be transferred to it. The government currently has are stored Bitcoins worth $18,4 billion and Ethereums worth $136,9 million. Therefore, they can form the basis of the reserve fund that Trump is advocating for.
Some of the cryptocurrencies stored in US government wallets
