Arthur Hayes, co-founder of BitMEX, expressed skepticism about the U.S. government's likelihood of acquiring more Bitcoin beyond its current holdings due to high national debt and negative stereotypes surrounding crypto enthusiasts. In a recent interview, Hayes remarked that the U.S., as a deficit country, is limited in its ability to establish a Bitcoin Strategic Reserve, especially with over 198,000 Bitcoin already seized from various cases. He implied that publicly announcing plans to print money to buy Bitcoin would be politically unfeasible, considering the negative perception associated with Bitcoin enthusiasts. Experts like Sergej Kunz, co-founder of 1inch, believe that if the U.S. does begin buying Bitcoin, it could ignite competition among countries for ownership. Despite differing opinions, Hayes predicted that Bitcoin’s market dominance would revert to previous levels, suggesting that the typical cycle of investing in altcoins will persist. Current data shows Bitcoin dominance at around 64.78%, having increased since January 2024, though some analysts remain doubtful about a return to 70%.

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