BitMEX Co-Founder Arthur Hayes Skeptical of U.S. Bitcoin Reserve Plans
Arthur Hayes, co-founder of BitMEX and a prominent figure in the cryptocurrency space, has expressed skepticism regarding the U.S. government’s potential adoption of Bitcoin as a reserve asset. His comments come amid growing discussions about Bitcoin’s role in global finance and its potential to reshape traditional monetary systems. Hayes, known for his deep market insights and pioneering contributions to crypto trading platforms, dismissed the likelihood of such a move by the U.S. government during a recent commentary. His perspective carries significant weight given his experience as the former CEO of BitMEX, one of the world’s leading cryptocurrency derivatives exchanges. As Bitcoin continues to gain traction among institutional investors and governments worldwide, Hayes’ remarks highlight the ongoing debate about its integration into mainstream financial systems. The cryptocurrency community remains divided on whether nation-states will embrace Bitcoin as a reserve asset, with proponents pointing to its scarcity and decentralization as key advantages, while critics cite volatility and regulatory hurdles. Hayes’ stance adds a notable voice to this critical discussion shaping the future of digital assets in 2025.
BitMEX Co-Founder Arthur Hayes Dismisses U.S. Government Bitcoin Reserve Plans
Arthur Hayes, former CEO of BitMEX, has publicly dismissed the possibility of the U.S. government acquiring Bitcoin as a reserve asset. The cryptocurrency pioneer, known for his market insights and entrepreneurial ventures, made the statement during recent commentary on Bitcoin’s evolving role in global finance.
Hayes brings unique credibility to the discussion, having co-founded one of the world’s leading crypto derivatives exchanges in 2014. His platform pioneered leveraged Bitcoin futures trading, significantly influencing institutional participation in crypto markets.
US Core PCE Inflation Data Misses Expectations, Bitcoin Faces Macro Pressure
The Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) index, ROSE 2.3% year-over-year in March—slightly above economist forecasts of 2.2% but below February’s 2.7% increase. The data suggests persistent price pressures despite cooling energy costs.
Markets reacted cautiously as the report coincided with geopolitical uncertainty from Trump-era policy reverberations. Bitcoin, often sensitive to macroeconomic signals, showed muted volatility following the release. The cryptocurrency had been trending downward amid broader risk-off sentiment.
Notably, the CORE PCE metric—excluding volatile food and energy prices—declined to 2.6%, matching expectations. This moderation aligns with declining oil prices as recession fears linger. The divergence between headline and core inflation continues to shape monetary policy expectations.
Coal Giant Alliance Resource Partners Quietly Mines $45M in Bitcoin
Alliance Resource Partners (ARLP), a NASDAQ-listed coal company, has diverted surplus electricity from its operations to mine bitcoin, accumulating $45 million worth of BTC as an on-balance-sheet asset. The Kentucky-based firm operates 3,500 mining rigs at its coal facility while hosting an additional 1,000 machines for third parties.
The hybrid model demonstrates how traditional energy firms can monetize stranded power through cryptocurrency mining. While controversial due to bitcoin’s carbon footprint, the strategy creates a potential blueprint for other resource companies seeking to hedge against commodity price volatility.
Bitcoin Dips on Path to $100K - Market Assesses Best Crypto Opportunities
Bitcoin’s march toward $100,000 hit a minor speed bump with a 0.39% dip amid ongoing market volatility. The cryptocurrency maintains strong support above $96K, with its $1.91 trillion market cap underscoring dominant positioning. Such fluctuations are characteristic of bull markets—where temporary pullbacks coexist with sustained upward trajectories.
Investors face the perennial question of asset allocation during rallies. While BTC remains the market bellwether, its volatility profile prompts diversification considerations. The current environment rewards discernment between blue-chip cryptocurrencies and emerging altcoins, each carrying distinct risk-reward propositions.
Bitcoin Eyes $100K as Institutional Demand and Macro Caution Collide
Bitcoin surged to $97,930, breaking out of a prolonged consolidation phase as institutional investors poured nearly $4 billion into spot ETFs. The rally reflects growing confidence in BTC’s long-term value proposition, yet derivatives traders remain hesitant to price in a decisive breakout above $100,000.
Futures markets show neutral positioning with 6-7% annualized premiums, down from earlier extremes. Options traders maintain a cautiously optimistic stance, with 25% delta skew favoring upside exposure while avoiding excessive leverage. Macroeconomic uncertainty and geopolitical tensions continue to temper bullish enthusiasm.
MicroStrategy’s latest $2.4 billion BTC acquisition underscores corporate America’s accelerating adoption of bitcoin as a treasury asset. Michael Saylor’s relentless accumulation strategy now positions the company as a bellwether for institutional crypto adoption.
