Ki Young Ju Proposes Bitcoin to Reduce U.S. Debt

Ki Young Ju proposes using Bitcoin to reduce U.S. debt by acquiring 1 million BTC by 2050, boosting financial strategy.

A new strategy proposes using Bitcoin to help reduce U.S. debt. Over the past 15 years, Bitcoin’s market capitalization has surged to $2 trillion, driven by $790 billion in capital inflows. Ki Young Ju, the CEO of CryptoQuant, revealed these details on his X account. This shows that this year alone, Bitcoin contributed $1 trillion by injecting $352 billion in inflows.

However, it is not easy to apply Bitcoin to decrease the U.S. debt even if it has achieved a remarkable growth rate. In the past, gold or the U.S. dollar has been used to tackle such debt. When it comes to adoption in regions like Venezuela, Bitcoin may trigger problems with getting the consensus of creditors. Because it is volatile and is an easy pump and dump asset.

For this approach to work, Bitcoin needs to become as well-known as gold to have authority over those who are in charge of making decisions on assets investments. Paying for it using a cryptocurrency like Bitcoin could be an idea, provided that an SBR can be created at the start of this process.

Ki Young Ju Proposes Bitcoin as Solution to U.S. Debt Issues

Today, about 70% of the U.S. credit is purchased domestically. Therefore, it is possible to automate 36% of this credit to acquire 1 million Bitcoin by 2050. Indeed, if the US government decides that Bitcoin is a strategic asset, then this target can be achieved. The other 30% of the USA debt belongs to foreign entities, which may not entertain the aspect of adoption of Bitcoin to support such debt relief. However, using this business model will not necessarily entail clearing every debt through Bitcoin, which makes it possible.

Ki Young Ju predicted in November that the price trend for Bitcoin is stronger. He estimates that Bitcoin may surge to $135,000 during a strong bull market boosted by a relentless flow of funds and positive regulation, including from crypto-friendly politicians. Ju also believes that the current market is still in a state of strong bull. Additionally, the price of Bitcoin will continue to increase.

This idea to employ Bitcoin for debt payment is an initiative. For this reason, and with the increasing market acceptance of Bitcoin, capital flow into the digital asset may soon justify its contention as a strategic asset to global reserves. It all started with the idea of a Strategic Bitcoin Reserve whose implementation could one day work as an adjustment to the American nation’s financial future.