CryptoQuant CEO: Trump's adoption of Bitcoin policy depends on whether the US economic position is solid

Ki Young Ju, CEO and founder of CryptoQuant, said President-elect Trump’s Bitcoin policy is likely to depend on the global investment community’s perception of the U.S. economy and the strength of the dollar. Ju believes that when investors believe that the U.S. economic hegemony is threatened, the price of hedging assets such as gold and BTC will rise. However, investors continue to have confidence in the U.S. economy and view the U.S. dollar as a safe haven currency. He said that this strong position makes it unlikely that the Trump administration will adopt a strategic reserve of Bitcoin to protect the dominance of the U.S. dollar and may cause Trump to abandon his pro-BTC policy. He wrote: "Even before taking office, Trump has continuously warned other world leaders about the power gap between the United States and other countries. Such rhetoric, coupled with increased capital inflows into the U.S. dollar, may restore confidence in the hegemony of the U.S. dollar." He added: "Around me, many Koreans choose the U.S. dollar as a safe haven instead of gold or BTC, especially as the won depreciates." (Cointelegraph)