#Economists oppose the Fed investing in Bitcoin.#

Recently, old-school economists in the United States have strongly opposed the proposal to allocate US reserve funds to Bitcoin. Steve Hanke, a professor at Johns Hopkins University, believes that shifting funds to Bitcoin could hinder economic growth because these savings are not invested in real capital assets, thus failing to improve productivity and ultimately dragging down economic development. He even called the idea of ​​Bitcoin reserves "the stupidest idea." This view stands in stark contrast to the "Bitcoin Act" proposed by Senator Cynthia Lummis, which aims to establish a Bitcoin strategic reserve and purchase 1 million BTC. The core of this debate lies in whether Bitcoin can become a viable reserve asset. Opponents argue that Bitcoin lacks real value and cannot promote economic growth, while supporters believe that Bitcoin has advantages such as decentralization and inflation resistance, making it a potential new reserve asset. Currently, this debate is ongoing, and the final outcome remains to be seen.