U.Today

Ki Young Ju, founder and CEO of the CryptoQuant on-chain analytics company, has shared his perspective on the adoption of the Bitcoin Standard by the U.S.

Big issue with Bitcoin Standard for U.S. per Ju

Ki Young Ju published a comprehensive article expressing his skepticism regarding the U.S. adopting the Bitcoin Standard soon. He referenced the late 1990s, when advocates like Peter Schiff pushed for a return to the gold standard during an economic crisis.

Ju noted that gold prices typically surged in U.S. history during perceived threats to its global economic dominance, which often reignited debates about the gold standard. He drew parallels to the current enthusiasm for Bitcoin among some advocates who suggest it should take gold's place as a strategic asset.

While Ju supports the notion of adopting the Bitcoin Standard, he believes that significant threats to U.S. economic dominance would be necessary for the government to consider Bitcoin as a strategic asset. He suggested that while the government could begin accumulating Bitcoin for risk management or economic leverage, their motivations may differ from those of Bitcoin enthusiasts.

This article was originally published on U.Today.