Arthur Hayes, former CEO of Bitmex, argues that a U.S. Bitcoin Strategic Reserve could lead to chaos. He highlights that Bitcoin reserves would be vulnerable to political influences, with the possibility of future administrations selling off BTC holdings causing market instability.

He predicts that without monetary stimulus, Bitcoin’s price could retrace to the range of 70,000 USD to 75,000 USD. Hayes believes that integrating Bitcoin into the financial system as a reserve asset would prevent potential turmoil in the crypto market.