CryptoQuant Founder Floats Proposal for US to Set up Strategic Bitcoin Reserve to Offset Debt

Ki Young Ju says it is possible for the United States to strategically accumulate Bitcoin (BTC) to address a portion of its debt.

CryptoQuant founder Ki Young Ju has proposed that the United States could strategically accumulate Bitcoin (BTC) to address a portion of its debt.

In a post on Friday, Young Ju suggested the possibility of setting up a Strategic Bitcoin Reserve (SBR) to offset part of the U.S. debt. He noted that the U.S. debt comprises both domestic and foreign-held liabilities.

According to Young Ju's proposal, the U.S. could acquire about 1 million BTC, strategically accumulating this volume between now and 2050. He explained that this could then be utilized to offset 36% of its domestically held debt, which would clear 70% of the total U.S. debt.

Young Ju's plan appears to focus primarily on settling domestic creditors, perhaps assuming that foreign creditors may not accept Bitcoin as payment.

The proposal comes amid a broader discussion among cryptocurrency analysts and financial experts on the potential role of Bitcoin in large-scale economic strategies.

Earlier this year, Minneapolis Federal Reserve Bank President Neel Kashkari expressed skepticism about Bitcoin's practical use, while MicroStrategy CEO Michael Saylor has been a vocal advocate for Bitcoin's use as a hedge against inflation and a store of value.