CryptoQuant founder: It is feasible for Bitcoin strategic reserves to offset US debt

Odaily Odaily News CryptoQuant founder Ki Young Ju posted on X platform that Bitcoin strategic reserves are a viable way to offset US debt. Over the past 15 years, $790 billion in real capital inflows have pushed Bitcoin's market value to $2 trillion. This year alone, $352 billion in inflows have increased its market value by $1 trillion. However, using extractable assets such as Bitcoin (rather than gold or the US dollar) to offset dollar-denominated debts may make it challenging to gain consensus among creditors. In order for Bitcoin to gain wider market recognition, Bitcoin must gain global and national authority comparable to gold. The establishment of a strategic Bitcoin reserve (SBR) can serve as a symbolic first step. Since 70% of the US debt is held domestically, if the US government designates Bitcoin as a strategic asset, it is feasible to offset 36% of the debt by purchasing 1 million Bitcoins by 2050. While the remaining 30% of debt held by foreign entities may resist this approach, the plan does not rely on paying off all debts with Bitcoin, so the strategy is feasible.