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Bitcoin As A Strategic Asset? CryptoQuant CEO Weighs In

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Este artículo también está disponible en español.

Since President-elect Donald Trump raised the possibility of establishing a US Bitcoin Strategic Reserve, many advocates have pushed for the creation of the crypto stockpile, saying that it would make the country as the leader in the global cryptocurrency landscape.

However, not everyone in the crypto community is convinced of the feasibility of the crypto reserve.

CryptoQuant CEO Ki Young Ju is pessimistic that the prospect of the Bitcoin Strategic Reserve would get an approval from the incoming administration.

BTC Reserve Doubtful

Young Ju is not convinced that the proposed Bitcoin reserve would push through, saying it is unlikely that Trump would embrace the crypto strategy to protect US dollar dominance because the greenback remains a safe haven currency.

The executive of CryptoQuant thinks that the policies of the new government would be much influenced by the apparent strength of the US economy and the predominance of the American currency in international trade.

Young Ju said that if there is a perceived threat to the US economic hegemony, gold, Bitcoin or any other store-of-value assets would experience a surge in its price.

US Economy Still Dominates

Young Ju argued that there is no perceived threat to American dominance since many investors still have great confidence in the US economy or the US dollar.

“I personally support the idea of #Bitcoin Standard. However, I question whether the US, while continuing to grow as other economies stagnate, would adopt Bitcoin as a strategic asset,” he said in a post.

The crypto executive believes the debate on the Bitcoin reserve would only gain serious momentum if the country’s global economic dominance is “genuinely threatened,” adding, “At present, market sentiment suggests confidence in the US’ continued supremacy.”

BTCUSD currently trading at $94,525. Chart: TradingView

The US processed 37.8% of the world’s Bitcoin in 2022, making it the leader in crypto mining, according to government data.

Crypto Stance Could Shift

Young Ju said that it is possible that Trump’s stance on Bitcoin may take an unexpected turn depending on the broader political landscape.

“If Trump succeeds in showcasing US economic resilience, reinforcing the dollar’s supremacy, and boosting his approval ratings, it’s unclear if he would maintain the strong pro-Bitcoin stance he demonstrated during his campaign,” he explained in a post.

The CryptoQuant CEO suggested that more likely, Trump would “step back from his Bitcoin advocacy,” pointing out that he might cite that there has been a change in priorities, “without alienating his voter base.”

“At the BTC Conference, was his mention of Bitcoin as a strategic asset a genuine step toward preparing for a Bitcoin Standard, or merely a calculated move to secure votes?” he said.

For the crypto executive, it is still unsure which of Trump’s “campaign rhetoric on Bitcoin” will be fulfilled.

Featured image from Pexels, chart from TradingView





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The Women In Bitcoin That CoinTelegraph Forgot

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Follow Frank on X.

A week ago, CoinTelegraph published a “women who kicked ass in crypto” piece in which only one non-American or non-European woman (Maya Parbhoe) was mentioned.

Because I feel that what’s happening with Bitcoin in Africa, Latin America, The Middle East and Southeast Asia — regions where bitcoin is more often used as a currency and a money of last resort — is far more exciting than what’s happening in the United States and Europe, I’m here tell you about some ladies in the Bitcoin space from these regions who kicked ass in 2024.

Farida Bemba Nabourema — Nabourema is a long-time activist and human rights defender, originally from Togo. She’s also the primary organizer for the African Bitcoin Conference, which, for the last three years, has provided Africans with an incredible opportunity to present to and network with Bitcoiners from around the globe.

Reyna Chicas — Chicas is a Salvadoran was promoted to Director of Education for Mi Primer Bitcoin this year, and she also sits on the organization’s board of directors. Her journey in Bitcoin started just two years ago when she went to the Adopting Bitcoin conference in El Salvador as an attendee.

Roya Mahboob — Mahboob is one of Afghanistan’s first female tech CEOs. She also founded the Digital Citizen Fund, a non-profit aimed at improving technological literacy of Afghan women. This year, she’s continued in her efforts to create IT centers for girls in high schools across Afghanistan and also bring her education model to schools in Bangladesh, India, Pakistan and Nepal.

Dea Rezkitha — Rezkitha is the Community Master for Southeast Asia for Fedi and co-founder of the Indonesian Bitcoin Community and the Indonesia Bitcoin Conference. Aside from keeping up with her duties for Fedi this year, Rezkitha toured the world speaking about her work at events like the Oslo Freedom Forum and Bitcoin 2024.

Lorraine Marcel — Marcel, based in Kenya, is the founder of Bitcoin Dada, a virtual Bitcoin education platform and sisterhood for African women. She was also awarded the Most Impactful African Bitcoiner of 2024 award by the African Bitcoiners group.

Isabella Santos — Santos is a co-founder of the Mexican Bitcoin community BTC Isla, based in Isla Mujeres as well as a co-founder of the Bitcoin media outlet Get Based (which recently released a killer documentary entitled “How The Federal Reserve Secretly Enslaved The World”). Beyond that, she continued to tour the globe this year as the host of Bitcoin Backstage, bringing you some juicy takes from backstage at the world’s biggest Bitcoin conferences.

Noelyne Sumba — Sumba, based in Kenya, oversees “orange-pilling operations” for Machankura, a Bitcoin Lightning wallet that can be used on feature phones. Also, in 2024, Saifedean Ammous’ classic The Bitcoin Standard was published in Swahili and Abdi thanks to Sumba’s help in translating the text.

Hadiya Masieh — Masieh is based in London but was born to Mauritian and Ugandan parents. She’s the founder of the Groundswell Project, an organization that works to foster peace and empathy amongst diverse communities. She gave a talk at the “Oslo Freedom Forum” this year entitled “How Bitcoin Can Fund Counter-Terrorism”, in which she highlighted how she’s taught Somali women how to use bitcoin for political fundraising to help support female candidates in the country.

Janet Maingi — Maingi, based in Kenya, is a co-founder of Gridless Compute, a company that not only mined bitcoin in Africa profitably this past year but also helped bring electrification to rural regions of Africa.

Mary Imasuen — Imasuen, who is of Nigerian and Filipino descent and based in Nigeria, is the Global Marketing Manager for Fedi and a self-described “bitcoin-only gamer” who often speaks in support of THNDR Games. While Imasuen wasn’t touring the world discussing her work in 2024, you could hear from her as a podcast guest or on a gaming stream

Honorable mentions: Renata Rodrigues (Head of Marketing and Community at Fedi, originally from Brazil), Lorena Ortiz (Latin America Community Master at Fedi, based in Mexico), Edith Mpumwire (Ugandan Community Manager for Bitcoin Dada and supporter of Bitcoin Kampala), Sabina Gitau (co-founder of Tando, based in Kenya), Efrat Fenigson (host of the “You’re The Voice” podcast, based in Israel)

And I’m going to give a quick shout out to some bad ass ladies who crushed it this year from Europe, the U.S. or elsewhere: Caitlin Long, the US-based CEO of Custodia Bank started a lawsuit against the Federal Reserve in 2024; Susie Violet Ward, the UK-based Bitcoin journalist and CEO of Bitcoin Policy UK wrote extensively about the dangers of over-regulating the Bitcoin industry in the UK and Europe this year; Umi Miyahara, the Japanese-American Business Development Lead at Breez, who helped facilitate many new partnerships for Breez in 2024; DJ Valerie B Love, the US-based creative who launched an exceptional virtual conference this year; NiftyNei, who launched the Base58 education platform this year; Gloria Zhao, a Bitcoin core dev who does an excellent job in distilling how Bitcoin worksElla Hough, who helped Cornell University launch its first independent Bitcoin-focused study programAyelen Osorio, who launched the Human Right’s Foundation’s Financial Freedom Report newsletter); and L0la L33tz (the independent journalist did an incredible work in covering privacy as it pertains to Bitcoin and crypto for her publication The Rage).

I know there are an innumerable number of women in the Bitcoin space who neither I nor CoinTelegraph acknowledged.

To those women, I apologize for not being able to fit you into this piece, but I thank you for your work and contributions to the Bitcoin space.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.





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Analyst Sees Bullish Patterns Emerging

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.



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S2F Founder PlanB Reaffirms $500,000 Bitcoin Price Target

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Stock-2-Flow (S2F) founder PlanB just took to the X platform to reaffirm that the price target for Bitcoin (BTC) is $500,000. He claimed that his forward guidance for the coin has not changed in the last three years when Bitcoin price traded at just $20,000. This latest forecast is one of the boldest for the coin looking ahead into 2025.

Factors to Drive the Price Growth – Halving and Pump

PlanB highlighted two of his previous X posts where he made some predictions about the future outlook of Bitcoin.

One of these posts dates back to October 2022 while he shared the other last year. In the earlier post, the analyst noted that his forward guidance for the next three years for Bitcoin takes account of the 2024 halving event. He noted that the halving can significantly boost the price of BTC.

PlanB is convinced that most of the Stock-2-Flow (S2F) model impact will play out this year. Utlimately, this validates the S2F target of approximately $500,000 projected for this year.

Before Q4, 2024 came to an end, Bitcoin price hit $100,000 and rallied as high as $108,000, setting it as an All-Time High (ATH).

The coin has pared off its gains thus far. At the moment, the coin is currently trading at $94,591.42 amid a 1.16% surge in the past 24 hours. Per his latest forecast, PlanB struck the $100,000 level from his list. Besides the average target of $500,000, he said the coin could trade in the high range of $250,000 to $1 million.

The New 2025 Bitcoin Price Range Target

The PlanB price target for Bitcoin may seem insurmountable to a few market observers but it is worth noting that it aligns with predictions from other experts.

The general 2025 BTC price predictions noted that the coin’s valuation may fall within the range of $150,000 to $300,000. Several experts believe the potential establishment of a US strategic Bitcoin reserve will be a key event that could help propel the coin to new highs in 2025.

Institutional investors’ adoption is another factor that could serve as a lever for the price of the coin. Business intelligence and software firm MicroStrategy is one of the institutions leading this movement. Recently, MicroStrategy bought 2,138 BTC for $209 million to take its total count to 446,400 BTC.

Other firms like Riot Platforms and Semler Scientific are also joining the trend.

 

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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