Saxo Bank: Trump Tariffs Or Cryptocurrency, Market Could Quadruple Over 10 trillion Dollar
2024-12-03 11:51:20
Saxo Bank strategist John Hardy said that if the proposed trade tariffs by US President-elect Trump prompt other countries to look for alternatives to the US dollar, the cryptocurrency market and gold could benefit. Tariffs would have a dire impact on global trade as it would cut off the needed supply of dollars. BRICS countries could use gold-backed digital currencies for transactions, among other things. Cryptostablecoins pegged to gold could also be used. Crypto markets could quadruple to more than $10 trillion, while the dollar could lose 20% against major currencies and 30% against gold. (Gold Ten)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
盛宝银行：特朗普关税或利好加密货币，市场可能翻两番超10万亿美元Next article：
BTC突破95000美元
