Summary
- The CEO of CryptoQuant argued that Bitcoin alone is sufficient as a strategic reserve asset for the United States.
- CEO Joo Ki-Young added that the reserve of other virtual assets is an excessive claim.
- This is interpreted as a view on the expectation of reserves for Ripple, Solana (SOL), and USD Coin (USDC).
The CEO of CryptoQuant argued that the U.S. government's strategic reserve assets are sufficient with Bitcoin alone.
On the 16th (local time), Joo Ki-Young, CEO of CryptoQuant, stated, "I am not a hardcore supporter of Bitcoin," but added, "The U.S. government's virtual asset strategic reserve is sufficient with Bitcoin alone." He further commented that the reserve of other virtual assets is an excessive claim.
This is interpreted as a view on the growing expectation that Ripple, Solana (SOL), USD Coin (USDC), etc., will be reserved as strategic virtual assets of the United States.
On the 15th, the New York Post reported that Donald Trump, the President-elect of the United States, showed a favorable response to an executive order prioritizing the adoption of strategic reserves of virtual assets established in the United States.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)