CandleFocus US will not approve strategic Bitcoin reserve: CryptoQuant CEO
2024-12-28
Author: Content Editor
The CEO of CryptoQuant, Ki Young Ju, questions whether the U.S. will adopt Bitcoin as a strategic asset under the Trump administration, noting that the U.S. dollar maintains its global dominance and the country already leads in Bitcoin mining. Trump's promise to establish a national Bitcoin reserve has gained attention, with some analysts suggesting it could increase Bitcoin's value. However, Young Ju believes the U.S. would only embrace a Bitcoin reserve if its global economic dominance is genuinely threatened. The article also mentions that Koreans are turning to the U.S. dollar as a safe haven, raising questions about U.S. economic policies under Trump. Young Ju speculates that Trump's stance on Bitcoin may change depending on the political landscape and his priorities.
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