The post Will the U.S. adopt Bitcoin as a strategic asset for real? appeared on BitcoinEthereumNews.com.

As the debate over Bitcoin’s role in global finance intensifies, questions emerge on whether the United States would adopt it as a strategic asset. Others believe that Bitcoin will eventually replace traditional reserve systems, but according to Ki Young Ju, the U.S. is far from embracing such a shift given its economic dominance and reliance on the dollar. Recently, the idea of the United States adopting Bitcoin as a strategic asset has come forward, but not everybody agrees that it will happen soon. CryptoQuant CEO Ki Young Ju joined the discussion on the U.S. introducing Bitcoin into its financial plan. Ju said gold has often been presented as a solution whenever the United States felt threatened by a loss of global economic dominance. The gold price has risen as uncertainty has surrounded the U.S. economy, and the debate about going back to the gold standard never really subsided. In the 1990s, Peter Schiff argued that gold is the “true form of money,” and today, Bitcoin advocates claim that Bitcoin can replace all other forms of money. These advocates see Bitcoin as a way to achieve financial freedom and global economic stability. Despite some calls to bring back the gold standard, no effort has succeeded in doing so in the United States. Instead, the U.S. has always found other ways to handle crises and keep growing. Bitcoin is taking the place gold once held in people’s minds. According to Ki Young Ju, the future of finance is unlikely to see Bitcoin as an important player in the immediate future, though it may one day become a strategic asset for the U.S. In other words, serious consideration by the U.S. as a reserve asset will depend on a real threat to its global economic supremacy. U.S. dollar’s dominance in global trade Despite…

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Filed under: News - @ December 28, 2024 9:26 pm