CandleFocus Bitcoin, Not BRICS, Is the True Threat to US Dollar Reserve, Warns Wharton Professor
2024-12-03
Author: Content Editor
Jeremy Siegel, a finance professor at the Wharton School, expressed skepticism about President-elect Donald Trump's plan to impose 100% tariffs on BRICS nations if they pursue a shared currency to challenge the US dollar. Siegel believes that bitcoin, which Trump supports, is a bigger threat to the dollar as a global reserve currency. Trump's support for bitcoin marks a significant shift in his stance on cryptocurrencies, and analysts credit this support for the recent surge in bitcoin's value.
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