Old-school American economists oppose allocating U.S. reserve funds to Bitcoin

ChainCatcher news, according to Bitcoin.com, old-school economists oppose allocating U.S. reserve funds to Bitcoin. Johns Hopkins University professor Steve Hanke stated that he believes transferring funds to Bitcoin could hinder economic growth and drag down the economy, as these savings are not invested in real capital assets.

Steve Hanke emphasized the importance of increasing productivity for improving living standards and called the idea of Bitcoin reserves "the dumbest idea."