Эксперт предостерегает: создания биткоин-резерва в США может подорвать доверие к доллару Translation: Expert warns: the creation of a bitcoin reserve in the US could undermine trust in the dollar

The establishment of a national Bitcoin reserve in the United States could have adverse effects on both the cryptocurrency market and the dollar. Global managing partner of OKX, Haider Rafiq, expressed this concern in an interview with Cointelegraph.

He argued that any government holding a substantial amount of Bitcoin could manipulate the price by flooding the market with assets. This would undermine the fundamental role of digital gold as neutral, decentralized money.

Currently, the idea of a crypto reserve in the U.S. enjoys bipartisan support, but this could change with a new administration, according to the expert.

«As circumstances shift, a concentration of large amounts of BTC on a country’s balance sheet could pose a liquidation risk,» Rafiq noted.

He cited the example of the German authorities’ sale of approximately 50,000 BTC in the summer of 2024, which pressured the prices of digital gold below $60,000.

Rafiq also believes that the creation of a strategic Bitcoin reserve in the U.S. could trigger extensive macroeconomic repercussions, the most significant being a loss of trust in the dollar.

The formation of a national crypto fund would signal that the currency underpinning the global economy has weakened and cannot sustain its value through economic strength, he explained.

According to him, such a scenario would shake the entire financial system, prompting investors to move into safe-haven assets like gold or the Swiss franc, while shedding riskier instruments, causing a cascade of liquidations.

«This is likely to lead to a severe crash, as markets react to radical changes in the global financial system,» Rafiq concluded.

It is worth noting that in September, experts from CryptoQuant reported a sharp slowdown in corporate Bitcoin reserves. Amid this backdrop, Capriole founder Charles Edwards indicated an increasing risk of a massive sell-off of the asset.