The article discusses how store-of-value assets like gold and Bitcoin tend to rise in price when investors feel US economic dominance is under threat. However, the confidence in the US economy and the dollar remains strong, making it unlikely that the Trump administration would adopt a Bitcoin strategic reserve. Instead, Trump may prioritize policies that reinforce the dominance of the US dollar. The trend of using stablecoins, which are dollar-pegged cryptocurrencies, has been increasing in emerging economies due to their stability and the speed and global reach of blockchain technology.
- Content Editor ( cryptointelligence.co.uk )
- 2024-12-29
Trump's Bitcoin Policies May Hinge on US Dollar Strength, Says CryptoQuant CEO