Ki Young Ju: US Adopting Bitcoin Standard Is Unlikely

Ki Young Ju, founder and CEO of the CryptoQuant on-chain analytics company, has taken to social media to share his take on the prospects of the U.S.

CryptoQuant founder and CEO Ki Young Ju has shared his thoughts on the possibility of the U.S. adopting the Bitcoin Standard in the near future.

According to Ju, this adoption is unlikely to occur, and he explains his reasoning.

Ju's analysis of the Bitcoin Standard for the U.S.

In a recent post on social media, Ki Young Ju shared his thoughts on the U.S. adopting the Bitcoin Standard in the near future. Ju, who is also the founder and CEO of the on-chain analytics company CryptoQuant, believes this adoption is unlikely to happen. He explains his reasoning below.

According to Ju, gold bugs, such as Peter Schiff, began to advocate for the U.S. dollar to return to the gold standard during the late 1990s. However, Ju notes that this occurred during an economic crisis.

Overall, Ju's analysis suggests that gold has experienced significant price increases throughout U.S. history during periods when the country perceived a threat to its global economic dominance, leading to discussions about the gold standard.

Throughout history, whenever the United States perceived a threat to its dominance in the global economy, gold prices surged, and debates around the gold standard gained traction.

In the late 1990s, Peter Schiff championed gold as the true form of money, much like today’s…

— Ki Young Ju (@ki_young_sju) December 28, 2024

A similar phenomenon is occurring today, but instead of gold, Bitcoin is at the center of the discussion, with BTC enthusiasts and maximalists advocating for the adoption of the Bitcoin Standard.

“Now, Bitcoin seems to be filling the ideological space once occupied by gold,” Ju stated.

Ju went on to say that he fully supports the U.S. adopting the Bitcoin Standard. However, he doubts that the U.S. will adopt Bitcoin as a strategic asset. According to Ju, for this to happen, the country will have to face a significant threat to its global economic dominance.

The U.S. government may indeed begin to purchase Bitcoin and stack it for risk management or economic leverage, however, it could happen for totally different motivations than Bitcoiners think.