CandleFocus Bitcoin Reserve Is ‘Hopium Hallucination,’ Blockchain Expert Says
2024-12-24
Author: Content Editor
Former blockchain architect, Bob McElrath, criticized the idea of the US creating a strategic Bitcoin reserve, calling it a "dumb idea" and stating that Bitcoin is insignificant compared to the US economy. The possibility of a Bitcoin reserve has been suggested by figures like Michael Saylor and Senator Cynthia Lummis, but even prominent Bitcoin supporters like Mike Novogratz doubt its implementation. Critics argue that the idea is unnecessary and that Bitcoin holders are looking for a "greatest fool of last resort" in the US government.
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