Ki Young Ju, CEO of Cryptoquant, took to social media to voice his support for a “Bitcoin Standard” but raised doubts about the likelihood of the U.S. adopting bitcoin as a strategic asset. He pointed to the nation’s ongoing economic stability and the global preference for the dollar as key factors in his reservations.
The Cryptoquant CEO argued that whenever the United States feels its global economic dominance is threatened, interest in alternative monetary systems—once gold, now bitcoin—rises. He notes that gold “bugs” in the 1990s pushed for a return to the gold standard, just as today’s bitcoin maximalists advocate a “Bitcoin Standard.” However, the U.S. has repeatedly avoided reverting to a gold-based system.
“I personally support the idea of Bitcoin Standard,” he remarked on X. “However, I question whether the U.S., while continuing to grow as other economies stagnate, would adopt bitcoin as a strategic asset. For the debate to gain serious momentum, the U.S. would need to see its global economic dominance genuinely threatened.”
The Cryptoquant executive added:
At present, market sentiment suggests confidence in the U.S.’s continued supremacy.
The Cryptoquant CEO isn’t the only skeptic when it comes to a strategic bitcoin reserve; Nic Carter, co-founder and partner at Castle Island Ventures, shares similar reservations. “I don’t think it’s likely, nor do I think it’s a good idea,” Carter elaborates in a detailed essay on the topic. On Sat., Ki Young Ju admits there’s a chance the U.S. government might snap up some bitcoin, though he thinks any such move would stem from motives far removed from setting up a Bitcoin Standard.
“Even before his inauguration, Trump consistently warned other world leaders of the power gap between the U.S. and other nations,” his X post added. “This rhetoric, combined with increased capital inflows to the dollar, could renew confidence in its supremacy. Around me, many Koreans are choosing U.S. dollars as a safe haven over gold or bitcoin, particularly as the Korean won weakens.”
Ultimately, the Cryptoquant executive remains uncertain whether Trump’s comments on bitcoin at the BTC Conference were genuine signals of future policy or politically expedient statements to secure votes. “Trump is undeniably a skilled politician capable of strengthening America’s position,” he concluded. “However, it remains uncertain how much of his campaign rhetoric on bitcoin he intends to fulfill.”
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