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Pierre Rochard calls altcoins "clown show" and urges Fed to create Bitcoin reserve

Pierre Rochard calls altcoins "clown show" and urges Fed to create Bitcoin reserve

Pierre Rochard, chief executive officer of Bitcoin Bond, strongly criticized altcoins, calling them a "clown show" lacking intrinsic value and describing them as instruments that merely follow Bitcoin. In a post on X, he said, "I don’t want to hear a word from the altcoin, crypto, web3, NFT, ICO, XRP, ETH, ADA, blockchain, whatever bozos and clowns." The Bitcoin maximalist published the manifesto as BTC fell below $75,000.
Rochard proposed a radical plan to spur a Bitcoin bull market. The creation of a strategic government reserve of BTC, the accumulation of the leading cryptocurrency by the Federal Reserve, and full exemption of Bitcoin transactions from taxation. He argued that BTC is not a foreign currency, and therefore, taxation of transactions is unjust. The comments followed unsuccessful efforts by crypto firms and banks on February 2 to resolve differences with lawmakers over stablecoins and token yields, which left the CLARITY bill on regulatory authority stalled. 
Markets, meanwhile, were in a state of panic. Thus, Bitcoin fell 14.2% over the week and was trading around $76,000, with a 24‑hour trading volume of $67.43 billion and a market capitalization of $1.5 trillion. Rochard has previously argued that Ether will never overtake Bitcoin in market capitalization because of the superiority of BTC's protective mechanisms and that asset tokenization will not save altcoins.

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