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Title: Bitcoin Reserve Is ‘Hopium Hallucination,’ Blockchain Expert Says
In a recent statement, a blockchain expert has dismissed the notion of a US Strategic Bitcoin Reserve as a “hopium hallucination.” The idea of the US government holding Bitcoin reserves has been gaining traction in recent times, with some proponents arguing that it would help stabilize the cryptocurrency market and provide a safety net for investors.
However, this proposal has not gone without criticism. The blockchain expert in question has vehemently opposed the concept, labeling it as unrealistic and lacking in substance. According to the expert, the main argument for such a reserve is based on the assumption that Bitcoin holders are worried about an impending shortage of greater fools and need the US government to act as the greatest fool of last resort.
The blockchain expert has dismissed this notion, stating that there is no strategic need for the US to hold Bitcoin. The idea, they argue, is simply a “hopium hallucination,” implying that it is an unrealistic and overly optimistic fantasy with no basis in reality.
While some proponents of the idea may claim that holding reserves would help stabilize the market and provide investors with a safety net, the blockchain expert has disputed this notion.
Source: u.today
