Old school American economists oppose allocating US reserve funds to Bitcoin

Odaily Planet Daily News: Old school economists oppose allocating US reserve funds to Bitcoin. Johns Hopkins University professor Steve Hanke believes that transferring funds to Bitcoin may hinder economic growth and drag down the economy because 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'. （News.bitcoin）