• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Bitcoin

How Strategic Bitcoin Reserves Could Help Offset US Debt, CEO Explains

n70products by n70products
December 24, 2024
in Bitcoin
0
How Strategic Bitcoin Reserves Could Help Offset US Debt, CEO Explains
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


The United States election was some of the defining occasions within the crypto area in 2024. Particularly, the reelection of Donald Trump revived Bitcoin and your complete crypto market after an uninspiring second and third quarter.

One of many guarantees made by President-elect Trump within the run-up to the polls was the establishment of a strategic Bitcoin reserve. Unsurprisingly, many of the latest crypto conversations has been across the BTC reserve and its potential impression on the US financial system and the crypto panorama.

Why Ought to The US Set up Strategic Bitcoin Reserves?

CryptoQuant CEO and founder Ki Younger Ju is the newest to weigh in on the difficulty of strategic Bitcoin reserves in the USA. In a submit on the X platform, the crypto skilled said that utilizing the world’s largest cryptocurrency to offset the USA debt is a possible strategy.

The CryptoQuant CEO talked about:

Over the previous 15 years, $790 billion in realized capital inflows have propelled Bitcoin’s market cap to $2 trillion. This yr alone, $352 billion in inflows have added $1 trillion to its market cap.

Younger Ju then disclosed that the USA may trim their home debt (70% of the entire) by 36% if the federal government acquires 1 million BTC by 2050 and designates the premier cryptocurrency as a strategic asset. “Whereas the remaining 30% of debt held by overseas entities could resist this strategy, the plan doesn’t depend on settling all debt with Bitcoin, making the technique sensible,” the CryptoQuant founder added.

Bitcoin

A chart exhibiting BTC's realized cap | Supply: Ki_young_ju/X

Younger Ju believes that utilizing a “pumpable asset” like BTC to compensate for dollar-denominated debt may face the problem of collectors’ acceptance. Nevertheless, the US instituting a strategic Bitcoin reserve may function a “symbolic first step” towards bringing global, nationwide legitimacy to the flagship cryptocurrency — as seen with property like gold.

Within the submit on X, the CryptoQuant CEO recognized previous whales dumping their BTC to spite the US authorities as a danger that would include establishing a strategic Bitcoin reserve. “Nevertheless, if governments proceed accumulating Bitcoin till 2050 and its value retains rising, I doubt they’d really dump it,” Younger Ju concluded.

BTC Value At A Look

As of this writing, the price of BTC is hovering across the $97,000 mark, reflecting a 0.4% decline previously 24 hours. Based on knowledge from CoinGecko, the premier cryptocurrency is down by 3.6% within the final seven days.

Bitcoin
The worth of BTC on the day by day timeframe | Supply: BTCUSDT chart on TradingView

Featured picture from iStock, chart from TradingView



Source link

Tags: BitcoinCEODebtExplainsOffsetReservesStrategic
Previous Post

XRP Price On Its Way To $10 In Only 3 Months If It Follows This Pattern

Next Post

Ethereum and Altcoins Gearing Up for Explosive Move As ETH Mirrors December 2020 Structure: Jason Pizzino

Next Post
Ethereum and Altcoins Gearing Up for Explosive Move As ETH Mirrors December 2020 Structure: Jason Pizzino

Ethereum and Altcoins Gearing Up for Explosive Move As ETH Mirrors December 2020 Structure: Jason Pizzino

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Speak your brains: CBDC edition

Speak your brains: CBDC edition

September 19, 2024
BNB Steadies Above Support: Will Bullish Momentum Return?

BNB Steadies Above Support: Will Bullish Momentum Return?

December 23, 2024
Elon Musk pushes for Fed overhaul – Could Bitcoin be the key?

Elon Musk pushes for Fed overhaul – Could Bitcoin be the key?

November 11, 2024

Recents

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

May 31, 2025
Newer BTC Treasury firms untested in bear market: Max Keiser

Newer BTC Treasury firms untested in bear market: Max Keiser

May 31, 2025
Bitcoin: Bank of England ‘on the brink’ on buying BTC, Michael Saylor claims

Bitcoin: Bank of England ‘on the brink’ on buying BTC, Michael Saylor claims

May 31, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version