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Asjad Munir
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Bullish
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JUST IN: ๐บ๐ธ Donald Trump says "the United States will be the crypto capital of the planet and the
Bitcoin
superpower of the world."
"Bitcoin is going to the moon."
#Bitcoin_Coneference_2024
#BTC
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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๐๐ถ๐ด ๐๐๐๐๐ฒ ๐ช๐ถ๐๐ต ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฆ๐๐ฎ๐ป๐ฑ๐ฎ๐ฟ๐ฑ ๐๐ผ๐ฟ ๐จ๐ป๐ถ๐๐ฒ๐ฑ ๐ฆ๐๐ฎ๐๐ฒ๐ Ki Young Ju published a long read, explaining why he has strong doubts about the U.S. adopting the Bitcoin Standard in the near future. Ju recalled the late 1990s, when gold bugs, including Peter Schiff, began to advocate the return of the U.S. dollar to the gold standard. However, Ju said, that happened during an economic crisis. Overall, Ju said, gold has surged, throughout the whole U.S. history, at times when the United States โperceived a threat to its dominance in the global economyโ and debates about the gold standard would begin to gain traction. A similar thing is happening about not gold but Bitcoin as BTC enthusiasts and maximalists are advocating for adopting the Bitcoin Standard. โNow, Bitcoin seems to be filling the ideological space once occupied by gold,โ Ki Young Ju stated. Ju admitted that he thoroughly supports the idea of the U.S. adopting the Bitcoin Standard. However, he doubts that the U.S. would adopt Bitcoin as a strategic asset. In order for that to happen, the country will have to face a significant threat to its global economic dominance. The U.S. government may indeed begin to purchase Bitcoin and stack it for risk management or economic leverage, however, it could happen for totally different motivations than Bitcoiners think. #Crypto2025Trends #BTC $BTC
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