This article is about blockchain, business, and technology news.

CryptoQuant CEO Ki Young Ju said that Donald Trump’s Bitcoin (BTC) policies may depend on the strength of the US economy and the dollar perceived by the global investment community. Ju argued that stores of value such as gold and BTC increase in price when there are perceived threats to US economic hegemony. However, investors continue to trust the US economy and see the dollar as a safe-haven currency.

This makes it unlikely that the Trump administration will adopt a Bitcoin strategic reserve. Paxos CEO Charles Cascarilla said that dollar-backed stablecoins will be the cornerstone of the blockchain economy. In countries with high inflation like Turkey, people use the US dollar as a store of value. Share your views in the comments.