Nic Carter, co-founder of Castle Island Ventures, stated that establishing a strategic Bitcoin reserve could undermine global market confidence in the U.S. dollar, leading to adverse effects. He believes that this move would not benefit anyone.

PANews reported on December 18 that according to Bloomberg TV, Nic Carter, founding partner of Castle Island Ventures, said that he does not think there will be a strategic Bitcoin reserve because it could undermine global market confidence in the U.S. dollar, which would have an adverse impact. He believes that such a move would not benefit anyone.

Castle Island Ventures Co-founder: Strategic Bitcoin Reserves Could Undermine Confidence in the Dollar