Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Analyst: Bitcoin reserves are at odds with Trump’s view of the dollar as the world’s key currency

Analyst: Bitcoin reserves are at odds with Trump’s view of the dollar as the world’s key currency

CointimeCointime2024/12/04 05:23
By:Cointime

President-elect Trump has promised to make the United States a global home for cryptocurrency and even supports the idea of establishing a strategic national Bitcoin reserve. However, industry insiders question whether the latter goal is feasible given Trump's "firm" view of the US dollar as a key world currency. TD Cowen analyst Jaret Seiberg wrote in a report that a Bitcoin reserve is inconsistent with Trump's views, and that "Trump is likely to promote a Bitcoin reserve on social media or mention it in a speech, but this is not the same as using the significant political capital needed to achieve this goal."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

WIFPERP now launched for USDC-M futures trading

Bitget Announcement2025/01/18 06:17

XRP Rally Unstoppable: XRP, Which Has Surpassed All Altcoins One By One, Could Soon Surpass Ethereum! Here's Why!

Messari analyst Sam Ruskin claimed that XRP could also surpass Ethereum's market cap.

Bitcoinsistemi2025/01/18 05:55

Legendary Analyst il Capo Shares His Strategy for When “Big Altcoin Season” Arrives

Cryptocurrency analyst il Capo of Crypto shared in his statement what he will do when the altcoin season he has been waiting for arrives.

Bitcoinsistemi2025/01/18 05:55