Through a post on X, CryptoQuant CEO Ki Young Ju has said he dislikes the notion that the incoming US administration is considering other coins in its proposed Bitcoin strategic reserve holdings. He urges the US government to limit its digital asset reserve to only BTC.

“I’m not Bitcoin maxi, but the U.S. strategic shitcoin reserve has gone too far. Just Bitcoin, please,” Ju wrote today, in what appeared to be a dig at unconfirmed reports on President-elect Donald Trump’s “receptiveness” to add XRP to the federal reserve idea.

During the latter days of December 2024, Ju admitted that he was in support of the “Bitcoin Standard idea,” although he doubted the practicality of the US government adopting a crypto reserve under the Trump administration. 

“For the debate to gain serious momentum, the US would need to see its global economic dominance genuinely threatened,” he noted.

Bitcoin vs. altcoins: Is Bitcoin the only viable option?

Ju has been a strong critic of altcoins’ performance. He even called memecoins “harmful” to the crypto industry.

“Altcoin markets are currently a zero-sum PvP game. While Bitcoin has doubled its market cap, the alt market cap is still below its previous ATH, rotating among themselves without fresh capital inflows. Only a few alts with strong use cases and narratives will survive,” said the CryptoQuant CEO in a January 9 post on X.

Ju argued that altcoins lack the stability and universal appeal of Bitcoin, making them unsuitable for a government reserve. He also explained that a Strategic Bitcoin Reserve (SBR) is a more feasible option to offset US debt than altcoins or traditional assets like gold.

Last year, as reported by Reuters, Senator Cynthia Lummis forwarded a bill dubbed “BITCOIN Act of 2024,” which proposes that the US Treasury acquire 1 million Bitcoin over five years, which equates to annual purchases of 200,000 Bitcoin. 

Lummis argued that the plan could reduce US debt by half within 20 years while protecting citizens against inflation and strengthening the dollar’s position globally.

According to CryptoQuant’s analysis, 70% of US debt is held locally. Taking up the strategy of acquiring 1 million Bitcoin by 2050 would have paid up approximately 36% of the debt by then. 

Strategic #Bitcoin Reserves to offset U.S. debt is a feasible approach.

Over the past 15 years, $790 billion in realized capital inflows have propelled Bitcoin’s market cap to $2 trillion. This year alone, $352 billion in inflows have added $1 trillion to its market cap.… https://t.co/E2sorulSii pic.twitter.com/Xg1SR9ixqB

— Ki Young Ju (@ki_young_ju) December 21, 2024

However, CEO Ju warned that since Bitcoin is not acknowledged globally as much as Gold, using the crypto to clear public debt could be treading a tricky road. He said:

“Using a pumpable asset like Bitcoin to offset dollar-denominated debt could make gaining creditors’ consensus challenging.”

Federal Reserve and legislature oppose crypto reserve policy

In late December, Federal Reserve Chair Jerome Powell insisted that the central bank has no jurisdiction or plans to hold Bitcoin. 

“We’re not allowed to own Bitcoin,” Powell said, “That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed.”

Supporting Powell’s sentiments, former Treasury Secretary Larry Summers dismissed the idea that a national Bitcoin reserve is a politically motivated move made by Trump. 

Speaking to Bloomberg in December, Summers alleged the proposal was meant to cater to special-interest groups within Trump’s campaign. 

“Some of what is being said—that we should have some kind of national Bitcoin reserve, is crazy,” he remarked. “There’s no reason to do that other than to pander to generous special-interest campaign contributors.”

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

After waiting seven years for XRP to hit the $3 mark, I’m now stuck in a tough spot. Now that it’s finally hit my goal, I’m faced with a difficult choice: Should I sell or hold?
The Fear of Losing Out
The fear of missing out on future gains has been creeping in. I’ve heard predictions from AI models suggesting that XRP could continue to rise, possibly reaching $10 by the end of 2025. On the other hand, I can’t ignore the feeling that things can’t keep going up forever. Everything in life tends to hit a peak and then go down, and that has me wondering if I’ve reached the optimal point for selling.
The Uncertainty of the Market
I’ve analyzed the market from multiple angles, and it’s hard to ignore the possibility of a market correction. No matter how much optimism surrounds XRP right now, there’s always the chance that the price could fall back after reaching a high point. After all, markets don’t just keep going up indefinitely. This uncertainty makes the decision even harder.
The Fear of Missing Out vs. The Need for Caution
What makes this situation even more confusing is the idea that we could be entering a “gold rush” period, where more people begin to invest in XRP, pushing its price even higher. But that also raises the question: will this rally continue, or are we at the peak right now? There are so many voices predicting the future, but it’s impossible to know for sure.
Feeling Lost and Confused
After years of holding onto XRP, I’ve never felt more lost about what to do next. It’s hard to know if it’s time to cash out or if holding on could lead to even greater rewards. All this uncertainty has left me questioning my next move.
Conclusion: A Tough Decision
In the end, I’m not sure whether selling now or holding on for the potential future gains is the right choice. It’s a balance between playing it safe and being optimistic about further growth. If anyone has been through a similar experience, I’d love to hear your thoughts on how you handled this kind of dilemma.
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The United States and Saudi Arabia have been tied at the hip for decades. But now, it’s looking like the Kingdom is ready to break away, and this isn’t just a diplomatic spat.

This is the kind of geopolitical breakup that could disrupt energy markets, upend alliances, and crash global stocks markets as well as, of course, crypto. The bedrock of their relationship—the petrodollar—is crumbling, and that’s not something we can brush off.

In June 2024, Riyadh ended its exclusive petrodollar deal, an arrangement that had tied its oil trade to the U.S. dollar for nearly 50 years. This wasn’t just a financial arrangement, it was a marriage of convenience that kept both sides in power.

Now, Saudi Arabia is selling its oil in Chinese yuan, euros, and other currencies. Around 30% of their oil sales are now outside the dollar system, and that number is climbing. Plus, they are considering officially joining the BRICS bunch, whose whole deal is dethroning America. With Saudi on their side, they’d be able to do it in a heartbeat.

Petrodollar divorce and a changing economic playbook

The U.S.-Saudi partnership began in 1974 when both countries struck a deal that would define global finance for decades. The Kingdom sold its oil exclusively in dollars, and in return, the U.S. offered military protection and a global platform for Saudi influence.

The decision to dump the petrodollar exclusivity wasn’t a snap judgment. It’s part of Saudi Arabia’s Vision 2030 plan, which aims to diversify the Kingdom’s economy. Oil might still be king, but Riyadh knows it can’t keep its future tied to a single resource—or a single currency. This also fits neatly into Saudi Arabia’s budding relationship with China, its largest trading partner.

China is becoming Saudi Arabia’s gateway to global influence. The Kingdom has joined China’s mBridge digital currency initiative, a multi-central bank project aimed at revolutionizing cross-border payments. The goal is clear: ditch the dollar, and they’re not being subtle about it.

This isn’t just about money, either. Saudi Arabia is courting Beijing for investment in its non-oil sectors—tourism, tech, and entertainment. Sorry to president Trump, but these guys could care less.

Diplomatic chaos and a shaky U.S.

The cracks in the U.S.-Saudi relationship aren’t just economic—they’re political. In March 2023, Saudi Arabia shocked the world by signing a China-brokered deal to restore diplomatic ties with Iran. Yes, Iran, the same country Washington has spent decades trying to isolate.

This was a sign that Riyadh is no longer taking marching orders from the U.S. Then, in June 2024, the Kingdom made another bold decision. It declined to renew its security agreement with the U.S., a cornerstone of Middle Eastern stability since the Gulf War.

That deal was a guarantee of U.S. military support in exchange for Saudi loyalty. Without it, the power dynamics in the Gulf are changing fast. Of course Saudi’s new alliances are making Washington nervous. If Riyadh starts buying military hardware from Beijing or Moscow, the U.S. loses its foothold in the region.

Iran, emboldened by its new friendship with Saudi Arabia, might start flexing its muscles. The Gulf Cooperation Council, already a fragile alliance, could fracture further.

Global markets on edge

Saudi Arabia is shaking up global markets. By stepping away from the dollar, the Kingdom is challenging a system that has defined international trade for nearly a century.

Global trade, which relies heavily on dollar transactions, could face serious instability. And let’s not forget the ripple effects on inflation, interest rates, and global economic growth. China, of course, is loving this. As Saudi Arabia’s top trading partner, Beijing benefits directly from Riyadh’s pivot.

By conducting more trade in yuan, China strengthens its currency’s position on the world stage. For the U.S., this is a nightmare. If the dollar loses its grip on the oil market, Washington loses leverage over global trade.

Saudi Arabia’s pivot isn’t without risks, especially for Crown Prince Mohammed bin Salman (MBS). Vision 2030 is ambitious, but it depends on foreign investment. By alienating the U.S., Saudi Arabia risks scaring off Western investors.

There’s also the issue of domestic stability. The Kingdom is undergoing rapid change, and not everyone is on board. Unemployment is still a problem, and the oil revenues that have kept the country afloat are less reliable than they once were. If Vision 2030 stumbles, the Crown Prince could face backlash at home.

The security implications of this decoupling are massive. Without U.S. military support, Saudi Arabia is more exposed to threats from Iran, the Houthis in Yemen, and other regional players.