Arthur Hayes, co-founder of the BitMEX exchange, expressed doubts about the possibility of actively replenishing the US Bitcoin reserves established by President Donald Trump’s executive order on March 6, 2025. According to him, the authorities are unlikely to make additional cryptocurrency purchases, as this contradicts the overall economic course of a country dealing with a significant deficit.
This is reported by Finway
Uncertainty in Replenishing the Reserves
In an interview with crypto expert Kyle Chase, Hayes noted that the American administration is unlikely to replenish the reserves. In his opinion, the only way to create such a reserve would be to hold onto confiscated assets, but he does not believe in the realization of this idea due to the negative image of the Bitcoin community.
“The US is a country with a deficit. The only way it can create such a reserve is by not selling already confiscated assets. Okay, fine. You have those 200,000 BTC. But I can’t imagine a popular politician seriously promoting the idea of issuing funds to invest in Bitcoin,” Hayes stated.
Trade War Between the US and China
Commenting on a possible agreement between the US and China, Hayes expressed skepticism: “People live in vain hope for an agreement between the parties in the future. I, for my part, do not believe in it.” In his view, the global market will ultimately divide into two major camps — Chinese and American, as previously predicted by billionaire Ray Dalio.
Hayes also forecasts that Bitcoin’s dominance in the market will increase, and the number of “proxy solutions” for accessing cryptocurrency among public companies will rise to over 70%.