KiYoungJu, founder and CEO of CryptoQuant, wrote on X platform: "Throughout history, whenever the United States feels its dominant position in the global economy is threatened, gold prices soar and the debate surrounding the gold standard draws attention. In the late 1990s, Peter Schiff advocated that gold is the true form of currency, just as today's Bitcoin extremists advocate for Bitcoin. These supporters, known as the 'golden bugs', hope to restore the gold standard. However, despite renewed interest during the economic crisis, the United States has consistently avoided this shift and relied on creative solutions to sustain growth. Over the past 50 years, the gold standard has been a relic of the past.