Top analysts weighing in on how Bitcoin can help solve US debt crisis
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Over the past 15 years, $790 billion in realized capital inflows have propelled Bitcoin’s market cap to $2 trillion. This year alone, $352 billion in inflows have added $1 trillion to its market cap.…Notably, Young Ju has relied on Bitcoin’s impressive growth rate over the past 15 years. BTC has recorded significant capital inflows and has recently seen its market capitalization soar above $2 trillion.
Young Ju suggests that if the U.S. government designates Bitcoin as a strategic asset like gold, it could positively impact its status. Notably, Bitcoin could gain equal status and official credibility as a store of value with gold.Although the CryptoQuant founder’s thesis looks feasible, he foresees some significant challenges. Bitcoin must gain market acceptance and achieve the global trust that gold boasts of. Only then can its viability as a reserve asset be guaranteed.
Additionally, given its susceptibility to speculative pump, Bitcoin’s volatility could prove challenging. This might make it unappealing to creditors.Despite these hurdles, the analyst believes that if the U.S. government establishes a Strategic Bitcoin Reserve, it will signal its confidence in the asset’s long-term potential. This could ultimately encourage broader market acceptance and push BTC into a more active role in global finance.
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