TechFlow news — On January 7, according to Bitcoin.com, U.S. economist and Johns Hopkins University applied economics professor Steve Hanke strongly criticized proposals for the United States to establish a strategic bitcoin reserve. He argued that allocating reserve funds into bitcoin would hinder economic development, as such funds would no longer be invested in capital assets that generate real value.
Professor Hanke believes that improving productivity is key to enhancing living standards, rather than locking up capital in bitcoin. Notably, Hanke has long been a critic of bitcoin, previously stating that bitcoin is "not money" and has "zero intrinsic value." More recently, he cited research linking cryptocurrency ownership with psychopathic traits.
