The CEO of market research platform CryptoQuant is warning investors that the US government’s motivations for creating a Bitcoin (BTC) standard may be different than expected.
In a new thread on the social media platform
“I personally support the idea of Bitcoin Standard. However, I wonder if the US would adopt Bitcoin as a strategic asset even though it continues to grow while other economies stagnate. For the debate to gain serious momentum, the US would have to actually see its global economic dominance threatened. Currently, market sentiment points to confidence in continued U.S. supremacy.”
The Bitcoin Standard – also a book by Saifedean Ammous – refers to the idea that the US government could use Bitcoin as a reserve currency.
According to Ju, while it is within the realm of possibility for the government to create a BTC standard, even if it did, the government’s intentions would be significantly different from those of Bitcoin bulls and investors…
