Former CEO of BitMEX, Arthur Hayes, has expressed doubts about US President Donald Trump's announcement of a strategic cryptocurrency reserve, calling it "nothing new" and questioning its viability. Hayes stated that without congressional approval to borrow money, the US wouldn't have the funds to buy Bitcoin and altcoins. While Trump's statement triggered a market rally, with Bitcoin and altcoins seeing gains, Hayes remains cautious and will not be increasing his crypto holdings. Binance founder Changpeng Zhao took a more optimistic stance, suggesting that more valuable crypto assets could be added over time.



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