CryptoQuant CEO Ki Young Ju believes that the US could potentially use Bitcoin as a strategic reserve to offset a portion of its national debt. He notes that the inflow of capital into Bitcoin has pushed its market cap to $2 trillion, making it a feasible option. However, using a volatile asset like Bitcoin could present challenges in gaining creditor consensus. Despite this, establishing a Strategic Bitcoin Reserve (SBR) could be a symbolic step toward broader acceptance. Ki suggests that classifying Bitcoin as a strategic asset and acquiring 1 million Bitcoin by 2050 could offset 36% of domestically held US debt. Analysts argue that this approach does not require fully settling the debt with Bitcoin. Further analysis suggests that Bitcoin's price growth could significantly impact the value of reserves relative to the national debt by 2049, providing an economic buffer against future liabilities. While the concept is speculative, it highlights the growing interest in using digital assets to manage national debt. However, widespread adoption would require regulatory clarity and international cooperation.
- Content Editor ( cryptoslate.com )
- 2024-12-25
CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve