Just caught Chamath questioning whether Bitcoin actually makes sense as a central bank reserve asset. Interesting timing for this take given all the institutional adoption talk lately.

The whole narrative around crypto becoming official reserve currency has been pretty dominant, but he's raising a valid point about whether BTC is really the right vehicle for that use case. Makes you think about what central banks actually need versus what the crypto community has been selling them.

This is the kind of nuanced debate that doesn't get enough airtime. Everyone's either all in on institutional adoption or completely dismissive, but the reality is probably way messier. Central banks have very specific requirements that might not align with how Bitcoin actually functions.

Worth paying attention to how this conversation evolves. The reserve asset angle has been a major part of the bull case, so if serious investors like Chamath are poking holes in it, that's worth examining more carefully. Not saying he's right or wrong, just that it's a perspective worth considering when you're thinking about longer-term institutional adoption narratives.