CryptoQuant CEO and founder Ki Young Ju said that President-elect Donald Trump's bitcoin policy may depend on the global investment community's perception of the U.S. economy and the strength of the dollar.
According to Ju, the price of store-of-value assets such as gold and BTC skyrockets when investors perceive the U.S. economic hegemony as threatened. However, investors continue to express confidence in the U.S. economy and view the U.S. dollar as a safe-haven currency. This dominance makes it unlikely that the Trump administration will adopt a strategic reserve of bitcoin to protect the dominance of the U.S. dollar and could lead the president-elect to backtrack on his pro-bitcoin policies.
CryptoQuant founder: Trump's bitcoin policy hinges on the economic status of the United States
2024-12-28 23:20:34
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