According to ChainCatcher, US presidential candidate Robert Kennedy Jr. recently proposed using Bitcoin as a US reserve asset. He said he would sign an executive order requiring the US Treasury to purchase a total of 4 million Bitcoins.

In response, Cardano founder Charles Hoskinson said that while strategic Bitcoin reserves may be beneficial to price trends, if the US Treasury controls 19% of the BTC supply as it thinks, it will pose a significant centralization risk to Bitcoin.