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Steve Hanke, America's chief economist and professor of applied economics at Johns Hopkins University in Baltimore, said in a recent interview that he did not like the idea of the US government creating a potential strategic economy. Bitcoin reserve Over the next few years.
Hanke is known as a staunch opponent of Bitcoin who frequently criticizes the world's largest cryptocurrency on his social media account X.
The US Bitcoin Reserve is the “dumbest idea” according to Hanke
In a recent
The prominent US economist said that converting government savings into Bitcoin would put a “burden on the economy” since those savings would not be invested in “real capital assets that produce things.” He compared buying Bitcoin to buying paintings by old masters. Such investment would not be invested in any bankable projects that do not actually produce anything, he said.
“They will not increase productivity, etc. in the economy,” the expert stressed, while it is very important to increase productivity in order to improve living standards and prosperity in any economy. Hanke stressed that he is “completely against” the presence of a potential strategic reserve of Bitcoin in the United States, calling it “the most stupid idea.”
In the tweet accompanying the video excerpt, Hanke wrote, once again emphasizing his point: “Savings converted into Bitcoin do not build factories, create jobs, or drive innovation.”
Related to
Hanke calls cryptocurrency holders "psychopaths"
Last year, Steve Hanke published an X-shaped post in which he said Cryptocurrency holders are referred to as psychopaths. Hanke referred to the results of a psychological study conducted in Canada by researchers at the University of Toronto.
The study claimed that cryptocurrency holders have low analytical and scientific thinking and are “more susceptible to psychopathy than the general population,” Hanke summarized.
To complete the study, nearly 2,000 Americans were surveyed. They revealed that cryptocurrency holders tend to display “dark” personality characteristics, also known as the “Dark Tetrad”: narcissism, Machiavellianism, psychopathy, and sadism.
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