CryptoQuant Founder: Bitcoin strategic reserves can "offset U.S. debt"
On December 22, Ki Young Ju, the founder of CryptoQuant, stated that the United States could strategically accumulate Bitcoin (BTC) to address some debt issues. Young Ju believes that establishing a Strategic Bitcoin Reserve (SBR) to offset part of U.S. debt is feasible. Considering that U.S. debt includes both domestic and foreign-held debts, Young Ju suggested that the U.S. could acquire about 1 million Bitcoins. This strategic accumulation should span from now until 2050. He explained that this money can be used to offset its 36% of domestic debt which means it could pay off 70% of US debts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IREN Bitcoin mining company co-founders cash out a total of $66 million
Data: A suspected HOLO KOL investor address received 10.24 million HOLO, earning over $4 million in profit
Aave community proposes to adjust V3 Scroll risk parameters
Trending news
MoreCrypto prices
More
