Steve Hanke Critiques Strategic Bitcoin Reserve Proposal
Steve Hanke, a prominent professor of applied economics at Johns Hopkins University, has voiced strong criticisms against the concept of a strategic Bitcoin reserve in the U.S. According to Hanke, this idea represents a detrimental approach that could “drag” the economy down. His assessment emphasizes the potential risks associated with integrating Bitcoin into national reserves. Hanke’s perspective resonates with concerns surrounding the volatility and unpredictability inherent in cryptocurrencies. As discussions continue about the future of Bitcoin and its role in the financial system, insights like Hanke’s are invaluable for understanding the broader implications of such proposals and their feasibility.