Ki Young Ju, the founder and CEO of CryptoQuant, has shared his views on its social media account, addressing the United States’ new monetary standards shift from Gold to Bitcoin ($BTC). Over time, the United States took quick action whenever it believed that there was a threat to its supremacy. Across the global economy, it sparked debates around the standards of gold, resulting in surged prices.
Peter Schiff, a prominent American Gold advocate, promoted gold as the ultimate form of money. Although there was renewed interest in economic crises, the U.S. focused on sustained growth. The state avoided a return to the gold standard and opted for creative solutions. The gold standard waned from history over the past five decades. So, the space once held by gold is occupied by Bitcoin ($BTC).
Ki Young Ju Shares His Views Over Bitcoin’s Standards
Ki Young Ju, a prominent crypto analyst and CEO of CryptoQuant (an on-chain crypto analytical platform), supports the ideological standards of Bitcoin ($BTC). However, he raises questions about the concerns of the U.S. in the continuous market dominance. He is curious whether, in this dynamic condition, the U.S. would adopt Bitcoin ($BTC) as an ambitious asset.
As directed by Ju, to fuel such a strategic shift, a substantial danger would be crucial to the dominance of the U.S. state. This chance appears far-fetched as the global funds are still being invested in the U.S. dollar and as a whole, there is the dollar’s supremacy. The U.S. government could regard Bitcoin ($BTC) as a risk controller but its motivations would differ from the Bitcoin advocates’ hopes.
The Future of Trump, Bitcoin ($BTC), and the Dollar (USD)
Ki Young Ju also highlights Bitcoin’s political dynamics, specifically the oratory of Trump. During his campaign, Trump showed his strong commitment to Bitcoin advocacy. However, Trump’s stance leads Ju to be skeptical. Trump can alter the policy without isolating himself from his roots. This can lead to a shift if the dollar’s supremacy is reconfirmed. Ju notices that the current global trends favor the dollar and countries like Korea strengthen the idea of the dollar’s supremacy. So, in the future, Bitcoin’s strategic supremacy will remain a challenging question.
