Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market

Cardano founder: BTC as a US reserve asset is costly and carries significant risks

2024-08-09 13:07
Odaily News Presidential candidate Robert Kennedy Jr. recently proposed using Bitcoin as a U.S. reserve asset, saying he would sign an executive order requiring the U.S. Treasury to purchase a total of 4 million Bitcoins. In response, Cardano founder Charles Hoskinson said that while strategic Bitcoin reserves may be beneficial to price trends, if the U.S. Treasury controls 19% of the BTC supply as it thinks, it will pose a significant centralization risk to Bitcoin. (Cointelegraph)