Cardano founder: BTC as a US reserve asset is costly and carries significant risks
Odaily2024/08/09 13:47
By:Odaily
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)
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