The government of the U.S. will not allow big corporations to replace the U.S. dollar with Bitcoin, says investment advisor Dan Nathan. In an interview with CNBC, Nathan, founder of Risk Reversal Advisors, have said that lawmakers in the United States will never allow the US dollar from falling away as the reserve currency of the world. His remarks came following Tesla's $1.5 billion investment in Bitcoin.
Nathan started his interview by saying that the U.S. Treasury and the U.S. government will not let this thing get out of hand where corporates are starting to replace dollars to a large extent with bitcoin.
On being asked what the regulators could do to prevent corporations from putting Bitcoin in their balance sheets, Nathan added:
"They can regulate the hell out of it. That’s what they can do."
The investment advisor viewed that there were no more naysayers in Bitcoin:
Nathan is the founder of Risk Reversal Advisors that offers consulting services to investment banks, investment advisors, and private companies. He has prior experiences as an equity and options trader at hedge fund firms SAC, Exis, Cheyne Capital, and within the equity derivatives group of Merrill Lynch.