Cardano founder Charles Hoskinson recently analyzed the implications of President Joe Biden's proposal to treat Bitcoin as a national reserve asset. While theoretically, strategic Bitcoin reserves could positively impact the market, enhancing its status as a store of value and safe haven, Hoskinson stresses that if the US Treasury were to hold an amount equivalent to 19% of Bitcoin's supply, this centralized control would pose significant risks to the cryptocurrency ecosystem. He explains that such a highly concentrated reserve could jeopardize Bitcoin's core decentralized nature, thereby threatening its value as a globally distributed, independent asset within the financial system. Hoskinson's viewpoint highlights the need for caution when considering the integration of Bitcoin into national financial strategies, particularly in relation to potential risks and challenges to decentralization.