Former New York Fed Chairman Bill Dudley stated that if the U.S. were to incorporate Bitcoin into its national reserves, it could be detrimental to the public interest. Although Bitcoin has shown growth potential as an asset class, its price volatility, lack of stable income streams, and issues regarding its suitability as a fiat reserve make it difficult to become an ideal national reserve asset. Additionally, introducing Bitcoin into national reserves could undermine the dollar's status as the global reserve currency. Such a policy, if implemented, may favor specific interest groups rather than represent the interests of the majority of Americans. (Bloomberg)