Cardano founder: If the U.S. treats BTC as a reserve asset, it will pose a centralization risk

ChainCatcher news, according to Cointelegraph, U.S. presidential candidate Robert F. Kennedy Jr. recently proposed the idea of making Bitcoin a reserve asset for the United States. He stated that 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 stated that while a strategic Bitcoin reserve could benefit price trends, if the U.S. Treasury were to control 19% of the BTC supply as he suggests, it would pose a significant centralization risk to Bitcoin.