CryptoQuant founder: Bitcoin strategic reserve can “offset U.S. debt”
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2024-12-22 07:03 2,676
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Golden Finance reported that CryptoQuant founder Ki Young Ju said that it is possible for the United States to strategically accumulate Bitcoin (BTC) to solve part of its debt problem. Young Ju believes that it is feasible to establish a Strategic Bitcoin Reserve (SBR) to offset part of the US debt. Considering that U.S. debt includes debt held domestically and abroad, Young Ju suggested that the U.S. could acquire around 1 million Bitcoins. The strategic accumulation of this amount should span from now to 2050.
He explained that the money could be used to offset 36% of its domestic debt. That means 70% of the U.S. debt could be paid off.