According to BlockBeats news, CITIC Securities predicts that President Trump may establish a “Cryptocurrency Advisory Committee” and consider using Bitcoin as a U.S. strategic reserve asset. If the U.S. Congress proceeds with the Bitcoin reserve plan, it is expected to be a slow and bumpy process with limited impact on the global U.S.
dollar reserve currency system. Cryptocurrency payments are expected to be promoted, particularly stablecoins for cross-border transactions. Given the Republicans’ control of both houses of Congress and Trump’s opposition to the digital dollar during the election, it is anticipated that the Federal Reserve will not launch a digital dollar during Trump’s term.
The Federal Reserve will continue to focus on traditional economic indicators and cryptocurrencies, with limited impact on its monetary policy. During the Trump 2.0 era, cryptocurrencies may contribute to some extent to the volatility of the U.S. stock market and trigger a redistribution of liquidity among different assets.
Cryptocurrencies are expected to play a more significant role in overseas asset allocation portfolios, and U.S. cryptocurrency-related targets may benefit from policy dividends. (Golden Ten)
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