• Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact
Saturday, May 31, 2025
FinCurrency
No Result
View All Result
  • Home
  • News
  • Finance
  • Economy
  • Crypto
  • Home
  • News
  • Finance
  • Economy
  • Crypto
No Result
View All Result
FinCurrency
No Result
View All Result

Bitcoin As A Strategic Asset? CryptoQuant CEO Weighs In

Sergio Gruber by Sergio Gruber
December 29, 2024
in Crypto, News
Reading Time: 2 mins read
A A
0
Bitcoin As A Strategic Asset? CryptoQuant CEO Weighs In
0
SHARES
0
VIEWS
FacebookTweetPinShareShare

In recent discussions surrounding cryptocurrency, the idea of a US Bitcoin Strategic Reserve has emerged as a topic of significant interest. Proposed by President-elect Donald Trump, this concept has sparked both support and skepticism within the crypto community. Advocates believe that establishing such a reserve could position the United States as a leader in the global cryptocurrency arena. However, not everyone is convinced of its feasibility or potential benefits.

BTC Reserve: A Doubtful Proposition

Among the skeptics is CryptoQuant CEO Ki Young Ju, who expresses doubts about the viability of the proposed Bitcoin reserve. He suggests that it is unlikely that Trump would adopt a cryptocurrency strategy that could potentially undermine the US dollar’s dominance, given the greenback’s continued status as a safe haven currency.

blockdag 70m

Historically, whenever the United States perceives a threat to its economic supremacy, there is a noticeable surge in gold prices, accompanied by renewed debates around the gold standard. Drawing parallels with the late 1990s, when Peter Schiff championed gold as the true form of money, Young Ju believes that similar dynamics could influence the current situation.

US Economy: A Pillar of Dominance

Young Ju argues that the prevailing strength of the US economy and the dollar’s central role in international trade diminish the urgency for a Bitcoin reserve. He contends that the debate would only gain traction if there were a genuine threat to the United States’ global economic dominance.

Personal Support for the Bitcoin Standard

Young Ju has expressed his personal support for the concept of a Bitcoin Standard. However, he remains skeptical about its adoption in the United States, given the country’s ongoing economic growth while other economies stagnate. He believes that market sentiment currently suggests confidence in the US’s continued global supremacy.

Potential Shifts in Crypto Policy

Despite his reservations, Young Ju acknowledges the possibility of shifts in Trump’s stance on Bitcoin. He notes that the broader political landscape could influence the President’s approach to cryptocurrency. If Trump successfully demonstrates US economic resilience, reinforces the dollar’s supremacy, and boosts his approval ratings, it remains uncertain whether he would maintain the strong pro-Bitcoin stance he exhibited during his campaign.

Strategic Moves and Political Calculations

Young Ju speculates that Trump might step back from his Bitcoin advocacy, potentially citing a change in priorities without alienating his voter base. He questions whether Trump’s mention of Bitcoin as a strategic asset at the BTC Conference was a genuine step toward preparing for a Bitcoin Standard or merely a calculated move to secure votes.

Uncertain Future of Campaign Rhetoric

The future of Trump’s campaign rhetoric on Bitcoin remains uncertain. As the political and economic landscape evolves, it will be interesting to observe which aspects of Trump’s Bitcoin advocacy, if any, will come to fruition.

Tags: Bitcoinbitcoin reservebtcusdcryptocurrencydigital asset
Previous Post

Analysis Suggests $15 By May 2025

Next Post

Could a Deeper Drop Be Ahead?

Sergio Gruber

Sergio Gruber

Financial writer Hello, my name is Sergio Gruber and I am a finance editor with a specialization in blockchain and cryptocurrency. I have a deep understanding of how the financial world is being transformed by these exciting technologies.I received my degree in Finance Editing from Western Washington University, where I learned how to combine my passion for writing and financial analysis. Since then, I have worked with a number of high-profile publications, helping to educate and inform readers about the latest developments in the world of blockchain and cryptocurrency.

Next Post
Bitcoin Price Corrects to $90K: Healthy Dip or Cause for Concern?

Could a Deeper Drop Be Ahead?

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Popular News

  • How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    0 shares
    Share 0 Tweet 0
  • Top 10 Altcoins Under $1 to Invest in 2025

    0 shares
    Share 0 Tweet 0
  • Alex Mashinsky Net Worth: From Tech Pioneer to Legal Battle

    0 shares
    Share 0 Tweet 0
  • Vanguard Routing Number: How to Find and Use It

    0 shares
    Share 0 Tweet 0
  • How to Earn Passive Income? Embrace the Future of Passive Income and Earn 20% Instant USDT with Caged Beasts Coin

    0 shares
    Share 0 Tweet 0

Recent News

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025
FinCurrency Logo White Mode Retina Mobile

FinCurrency is a user-friendly platform that stands out as a unique source where our strong team of experienced and academically qualified writers, who are experts in their fields, analyze current issues and global affairs related to the finance and crypto world in an enjoyable and non-technical approach.

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025

WARNING:

The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

  • Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact

© 2024 FinCurrency - Global News

No Result
View All Result
  • Home
  • News
  • Economy
  • Finance
  • Crypto
  • Technology
  • Terms and Conditions
  • Contact

© 2024 FinCurrency - Global News

Banner 1
Banner 2
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms and Conditions.