Charles Hoskinson has weighed in on independent candidate Robert F. Kennedy Jr.’s proposal to have the Treasury Department buy 4 million bitcoins, which would make up 19% of the asset’s total supply.
“It’s a mixed bag. On the one hand, it would be great for the price and regulation in the US, because the country would be “pro-bitcoin” in some ways. But if something happens to cryptocurrency that the authorities don’t agree with, the US could use its political power, because they would see a strategic interest. So be careful, there are risks of centralization BTC“.
Charles Hoskinson extrapolated the situation to the raw materials market, pointing out that hardly anyone would like it when one player controls 20% of the world’s oil or gas supplies. In this case, it is a classic cartel dictating the rules of the game and asset prices to others, the expert noted.
Earlier, Charles Hoskinson stated that the Bitcoin blockchain has stopped developing, so the Cardano network could surpass the Bitcoin network, and the ADA coin could become one of the largest cryptocurrencies.
Source: Bits
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