Erik Voorhees just threw cold water on the whole government bitcoin reserve concept. His take? Bitcoin belongs in the hands of "private, good, noble actors" — not government vaults.
It's a sharp pushback against the recent chatter about nation-states stockpiling BTC. While some see strategic reserves as legitimizing crypto, Voorhees clearly views it as missing the entire point of decentralization. The debate keeps heating up: should bitcoin be a tool for governments, or does that betray its founding ethos?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
CodeSmellHunter
· 12h ago
Hmm... the government hoarding Bitcoin is essentially self-contradictory, ironic.
View OriginalReply0
MetaLord420
· 12h ago
Voorhees is absolutely right this time; the government is playing with fire by meddling with Bitcoin.
View OriginalReply0
CompoundPersonality
· 12h ago
Who would trust the government to hold Bitcoin properly? That's hilarious.
View OriginalReply0
ForkTongue
· 12h ago
To be honest, the government accumulating Bitcoin should be off the table. That would just be a disguised way of exploiting people.
Erik Voorhees just threw cold water on the whole government bitcoin reserve concept. His take? Bitcoin belongs in the hands of "private, good, noble actors" — not government vaults.
It's a sharp pushback against the recent chatter about nation-states stockpiling BTC. While some see strategic reserves as legitimizing crypto, Voorhees clearly views it as missing the entire point of decentralization. The debate keeps heating up: should bitcoin be a tool for governments, or does that betray its founding ethos?