🌐CryptoQuant CEO: The U.S. Can Reduce Debt by Purchasing 1 Million Bitcoins
Can the U.S. reduce national debt by hoarding Bitcoin? CryptoQuant's CEO Ki Young Ju recently shared his views on social media. He believes that while politically challenging, it is theoretically feasible.
Ki shared his analysis on social media X, stating that over the past 15 years, $790 billion has flowed into Bitcoin, pushing its market value to $2 trillion. And just this year alone, $352 billion has flowed in, increasing Bitcoin's market value by $1 trillion.
He also cautioned investors that replacing gold or the dollar with such a volatile asset as Bitcoin could give creditors headaches. After all, Bitcoin prices fluctuate and are not that stable.
However, Ki believes 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 domestic debt. This could potentially 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, Bitcoin's growth could cover a significant portion of U.S. debt, creating a new economic buffer for future liabilities.
While all these analyses are still speculative, they reflect people's extreme interest in managing national debt with digital assets. At the same time, Bitcoin's decentralization and scarcity are expected to make it an excellent tool for hedging against inflation and providing long-term stability for the financial system.
However, for Bitcoin to be included in national reserves, clear policies, regulatory frameworks, and international cooperation must be established. This idea has also sparked public imagination about Bitcoin's future potential!
💬Do you think Bitcoin can really be the key for the U.S. to reduce debt? If Bitcoin is included in national reserves, what profound impact will it have on the global financial landscape? See you in the comments!
