🌐CryptoQuant CEO: The U.S. Could Reduce Debt by Purchasing 1 Million Bitcoins
Can the U.S. reduce its national debt by hoarding Bitcoin? CryptoQuant's CEO Ki Young Ju recently shared his thoughts on social media. He believes that while politically challenging, it is theoretically feasible.
Ki shared his analysis on social media platform X, stating that over the past 15 years, $790 billion has flowed into Bitcoin, pushing its market cap to $2 trillion. In just this year alone, $352 billion has flowed in, increasing Bitcoin's market cap by $1 trillion.
He also reminded investors that replacing gold or the dollar with a highly volatile asset like Bitcoin could give creditors headaches. After all, Bitcoin's price fluctuates and is not so stable.
However, Ki feels that if the U.S. treats Bitcoin as a strategic asset and completes the plan to buy 1 million Bitcoins by 2050, it could offset 36% of the debt held domestically. This might reduce the U.S.'s reliance on inflationary monetary policy.
Matthew Sigel, the head of digital asset research at VanEck, also joined the discussion, calculating that if the U.S. Treasury accumulates 1 million Bitcoins at a price of $200,000 each over five years, by 2049, the growth of Bitcoin could cover a significant portion of U.S. debt and create new economic buffers for future liabilities.
Although all these analyses are still speculations, they also demonstrate the immense interest in managing national debt with digital assets. Additionally, Bitcoin's decentralization and scarcity are expected to make it an excellent tool for hedging inflation and providing long-term stability for the financial system.
However, to incorporate Bitcoin into national reserves, clear regulatory policies, legal frameworks, and international cooperation need to be established. At the same time, this idea has sparked the public's limitless imagination about Bitcoin's future potential!
💬 Do you think Bitcoin could really be the key for the U.S. to reduce its debt? If Bitcoin were included in national reserves, what profound impacts would it have on the global financial landscape? See you in the comments!
