Arthur Hayes, the Chief Investment Officer at the venture capital firm Maelstrom, expressed his doubts about whether Donald Trump’s administration would establish a strategic Bitcoin reserve, a hope shared by many cryptocurrency enthusiasts.

“I don’t think Trump will get around to doing a Bitcoin reserve,” said Hayes, who is also a co-founder of BitMEX. “At the end of the day, I don’t know how borrowing money to buy Bitcoin helps on any of Trump’s platforms.”
(Translation: “No pienso que Trump se ocupe de crear una reserva de Bitcoin”, dice Hayes, cofundador de BitMEX. “Al final del día, no sé cómo pedir dinero prestado para comprar Bitcoin ayuda en ninguna de las plataformas de Trump.”)

Hayes noted that Trump has previously launched several lucrative meme coins prior to his presidency, showcasing his understanding of the benefits cryptocurrency could offer. However, for Bitcoin supporters, a U.S. reserve of Bitcoin would represent a significant milestone.

Hayes added that he hopes he’s wrong about the situation, but highlighted the approaching midterm elections which could limit the capacity to initiate major policy changes.

“Are you going to borrow money to buy Bitcoin? Or are you going to borrow money to provide healthcare to seniors who supported you?” Hayes continued.
(Translation: “¿Vas a pedir dinero prestado para comprar Bitcoin? ¿O vas a pedir dinero prestado para proporcionar atención médica a los ancianos que te apoyaron?”)

Hayes described his new venture, Maelstrom, as engaging in speculative investments, and emphasized that many of the investments they pursue may not yield returns.

“Let’s not kid ourselves, it’s raw speculation. Most of these things will be zeros,” he mentioned.
(Translation: “No nos engañemos, es pura especulación. La mayoría de estas cosas serán ceros.”)