Cardano founder: Using BTC as a reserve asset for the US is costly and poses significant risks.

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ODAILY
08-09
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Odaily Odaily News Presidential candidate Robert Kennedy Jr. recently proposed to use Bitcoin as a reserve asset for the United States. He said he would sign an executive order requiring the U.S. Treasury to purchase a total of 4 million Bitcoins. In response, Cardano founder Charles Hoskinson said that although strategic Bitcoin reserves may be beneficial to price trends, if the U.S. Treasury controls 19% of the BTC supply as it thinks, it will pose a significant centralization risk to Bitcoin. (Cointelegraph)

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