💥Donald Trump is currently taking a hardline stance in his presidential campaigns. He openly promotes the use of cryptocurrencies and added that he will make the United States a cryptocurrency hub when he becomes president again.

Trump was recently spotted buying a burger at a bar in New York City using Bitcoin. When asked about his current views on cryptocurrencies, he commented that this is a new era and that having Bitcoin is a good thing. The transaction was “the first presidential transaction on the Bitcoin protocol.”

💥The Former President's Love for Bitcoin and Its Impact on the USD

👉 In a hypothetical scenario, Trump's Bitcoin fetish could severely erode the credibility of the US dollar.

This could lead to dollar dilution, a phenomenon in which the demand for US dollars decreases significantly. This is likely to happen, especially as the use of cryptocurrencies becomes more widespread in the financial sector.

Likewise, the cryptocurrency market is highly volatile, with uncontrolled market dynamics. This can also lead to occasional financial market crashes, which could erode the US economic fabric once again.

Ultimately, if other countries choose cryptocurrencies as their preferred payment method instead of the USD, this could threaten its status as a global reserve currency.