PANews reported on January 21 that according to CoinDesk, Arthur Hayes, co-founder and former CEO of BitMex, said: "I don't think Trump will set out to build a Bitcoin reserve. In the final analysis, I don't know what the use of borrowing money to buy Bitcoin is on any of Trump's platforms." He said: "Before destroying the bond market, you have so much borrowing power. Will you borrow money to buy Bitcoin? Will you borrow money to provide health care for the elderly who voted for you, or to build more bombs so that the defense lobby likes you? You can borrow money to buy a lot of different things. I just don't think he will spend money on Bitcoin. Although Bitcoin supporters think Bitcoin is important, there are many other stakeholders who want the borrowed money to go into their pockets." Regarding the implementation of Bitcoin reserves, Hayes said "I hope I'm wrong." But he pointed out that there is limited time before the midterm elections, which may limit the ability to implement major policy changes, and there are many other things that require time and budget allocation.