CryptoQuant Founder: Trump's Bitcoin policy depends on the economic status of the United States

Bitget App

Trade smarter

Bitget2024/12/29 01:16

According to Cointelegraph, CryptoQuant CEO and founder Ki Young Ju stated that President-elect Donald Trump's Bitcoin policy may depend on the global investment community's view of the US economy and the strength of the dollar.

Ju believes that when investors perceive a threat to U.S. economic hegemony, prices for value storage assets like gold and BTC will skyrocket. However, investors continue to express confidence in the U.S. economy and see the dollar as a safe haven currency.

This advantageous position makes it unlikely for the Trump administration to adopt a Bitcoin strategic reserve strategy to protect the dominance of the dollar, which could lead to a reversal in policy support for Bitcoin by the president-elect.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Trending news

Analyst: Trump's inauguration on January 20th may become a signal for BTC to hit bottom

QCP Capital: Bitcoin is consolidating at the monthly low range, it is expected that there will not be significant fluctuations during the New Year period