TRUMP'S BITCOIN POLICIES DEPEND ON U.S ECONOMIC STANDING SAYS KI YOUNG JU:
Trump's Bitcoin policies are likely to be influenced by the US economic standing, according to Ki Young Ju, CryptoQuant CEO.
Ju believes that if the US economy is perceived as strong, Trump may not adopt a Bitcoin reserve to protect US dollar dominance.
In fact, Ju thinks that the US would only consider a strategic Bitcoin reserve if its global economic dominance is genuinely threatened. Currently, the US dollar remains strong, handling about 58% of all trade and 59% of all currency reserves.
It's worth noting that Trump has been inconsistent in his views on Bitcoin. During his 2024 campaign, he promised to make the US "the crypto capital of the planet" and even suggested creating a national Bitcoin reserve. However, his stance on Bitcoin may shift depending on the broader political landscape.
Overall, Trump's Bitcoin policies will likely be shaped by his administration's economic priorities and the perceived strength of the US economy.