Bitcoin Reserve Could Call US Solvency Into Question Critic Says, VanEck Exec Fires Back: ‘This Is Loserthink’
Nic Carter, Founding Partner at Castle Island Ventures, has expressed skepticism about the U.S. establishing a strategic Bitcoin reserve under the incoming Trump administration, citing risks to the dollar’s global standing.
What Happened: His view has sparked a sharp critique from Matthew Sigel, Head of Digital Assets Research at VanEck, who labeled Carter’s perspective as “Loserthink” in a pointed social media response.
In an interview with Bloomberg on Wednesday, Carter said that while he supports Bitcoin (CRYPTO: BTC), he does not believe it would be prudent for the U.S. government to signal a shift away from its current monetary system.
Carter discussed the nuances of what constitutes a “strategic reserve,” distinguishing between merely holding onto seized Bitcoin and actively acquiring more, as proposed by …
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