Former U.S. Treasury Secretary Lawrence Summers has sharply criticized the idea of creating a national reserve in bitcoins. He stated that such a decision would jeopardize the stability of the economy and is not in the interests of national financial policy.

Summers stressed that using bitcoin as the main reserve asset is excessively risky due to the high volatility of the cryptocurrency. His statement reflects the skepticism of many traditional economists towards the integration of crypto assets at the level of public policy.