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Why the US May Hesitate to Buy More Bitcoin: Arthur Hayes Weighs In

  • Writer: Sammy Salmela
    Sammy Salmela
  • May 4
  • 2 min read

Arthur Hayes discusses why the US government may avoid buying more Bitcoin due to public perception and economic concerns.

Article with AI AnalysisDate: May 3, 2025

Source: Cointelegraph


Introduction

Could the image of wild Bitcoin partygoers be holding back a historic government move? Arthur Hayes, co-founder of BitMEX, thinks so. In a recent interview, he shared why he believes the United States won’t openly buy Bitcoin for a strategic reserve and why public perception could be more influential than we think.


Bitcoin and the US Government: A Complicated Relationship

Hayes questions whether a heavily indebted United States would ever publicly announce printing money to buy Bitcoin, especially when the dominant narrative of “Bitcoin bros at the club” still lingers. He doubts any “properly elected” politician would want to risk the optics.

While the US already holds 198,012 BTC mainly seized from criminal cases like Silk Road and Bitfinex there’s no sign it plans to increase its reserves through new purchases. This reluctance, Hayes suggests, stems from both economic constraints and a reluctance to be associated with crypto stereotypes.


Could Bitcoin Buying Spark a Global Domino Effect?

Crypto leaders like Sergej Kunz from 1inch believe that if the US starts openly purchasing Bitcoin, it could lead to a global buying spree. Smaller nations might find themselves priced out, while wealthier countries rush to accumulate digital reserves.

The potential ripple effects could reshape geopolitical power balances. But for now, hesitation from the US might be what holds back a much larger shift.


Altcoin Season: Will History Repeat Itself?

Despite some disagreement among analysts, Hayes maintains that the cycle of Bitcoin pumping before altcoins follows remains intact. He predicts Bitcoin dominance could return to 70% as it did pre-2021 before money flows into altcoins again.

Still, he warns that altcoin outperformance isn’t guaranteed. “Depends on what you buy,” Hayes adds, highlighting how careful investors need to be even in bullish times.


AI-Powered Sentiment Analysis

Our AI analysis of this article revealed:

  • Sentiment Score: 0.32

  • Financial Sentiment: 1.12

  • Polarity Score: 0.119

  • Subjectivity Score: 0.482


These scores suggest a moderately optimistic financial tone. The subjectivity score indicates that while the article is rooted in facts, it contains some opinion-based content likely from Hayes’ personal commentary. The financial sentiment score reflects speculative interest in government policy and market behaviour.


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Disclaimer

This article was generated using AI and reviewed for accuracy. The information presented is for educational purposes only and should not be construed as financial advice. Always consult with a professional before making investment decisions.

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