Bitcoin as a US reserve asset is ‘great for price’ but poses significant risks — Charles Hoskinson. While a strategic Bitcoin reserve may be good for price action, the US Treasury controlling 19% of the BTC supply raises unprecedented centralization concerns. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1717447908815-YAKIHONNES3.webp
The proposal to make Bitcoin a reserve asset for the US was recently suggested by presidential candidate Robert F. Kennedy Jr., who proposed an executive order for the US Treasury to purchase 4 million Bitcoin, representing 19% of the Bitcoin supply . While this could potentially drive up the price of Bitcoin, Hoskinson cautions against the centralization risks it poses for the decentralized nature of the cryptocurrency
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