In order to ease the financial pressure on the United States, Trump may really be planning something big this time. In the nearly three weeks since the election victory, Trump has not released any news related to tariffs apart from forming his own cabinet, and the market has not obtained any insider information regarding tariffs from any source. Perhaps they also realize that such discriminatory tariffs against a country will lead the U.S. economy and politics into chaos. But at this time point, Wall Street traders and international investment institutions have no choice but to turn their attention to the virtual currency trading market, as everyone expects that the credibility of the U.S. dollar will undergo tremendous changes.
According to a report by Bloomberg on November 20, informed sources revealed that the 47th President of the United States, Trump, and his team are preparing to establish a position in the White House specifically responsible for cryptocurrency policy, and are currently reviewing candidates for this position. According to U.S. political circles, whoever occupies this position will be the emperor of the cryptocurrency world, as this position is not only responsible for federal government cryptocurrency policy but also for industry regulation.
This position indicates that the Trump administration is attempting to provide government endorsement for virtual currency, acknowledging the legitimacy of cryptocurrencies. Although it has political implications targeted at the Federal Reserve, it is undoubtedly a huge benefit for the cryptocurrency industry. As of now, Bitcoin has already surpassed its previous high due to this news. If the Trump administration really supports cryptocurrencies and incorporates Bitcoin into government reserve currency, then the United States will have two currencies.
As the saying goes, two tigers cannot exist on the same mountain. The legalization of Bitcoin will inevitably impact the market position of the U.S. dollar. In other words, the reason the U.S. dollar can become the universal currency in global trade settlements is not just because it is supported by American bankers and capital tycoons. #比特币突破10万？
