Bitcoin and Dollar: CryptoQuant Founder Discusses Trump's Policy

user avatar

by Giorgi Kostiuk

2 years ago

CryptoQuant founder Ki Young Ju expressed views on how President Donald Trump's Bitcoin policy might depend on the strength of the US economy and dollar.

Ki Young Ju's views on Bitcoin and US economy

Ki Young Ju argues that assets like gold and Bitcoin rise in price when investors perceive threats to US economic dominance. However, current confidence in the US economy and the US dollar's status as a safe haven currency make it unlikely for the Trump administration to adopt a Bitcoin strategy to protect dollar dominance.

Even before his inauguration, Trump consistently warned other world leaders of the power gap between the US and other nations. This rhetoric, combined with increased capital inflows to the dollar, could renew confidence in its supremacy.

Dollar's stability and its impact on cryptocurrencies

Ki Young Ju highlighted that many Koreans opt for the US dollar as a safe haven over gold or Bitcoin, especially as the Korean won weakens. This trend is also observed in emerging economies where individuals use dollar-stablecoins to store value.

Future of the financial system: the role of stablecoins

Paxos co-founder and CEO Charles Cascarilla noted that dollar-pegged stablecoins will become a cornerstone of the blockchain economy, improving its utility. In countries with hyperinflation, people tend to use the dollar as a store of value against rapidly depreciating local fiat currencies.

The discussion of Bitcoin policy and maintaining dollar dominance reflects complex processes in the global economy. The role of stablecoins continues to grow, potentially reshaping the global financial system.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

TON Validators Prepare for Configuration Vote on New Collator Architecture

chest

TON validators are updating their node software and mytonctrl tooling for a configuration vote on a new collator architecture scheduled for August 21 at 0800 UTC.

user avatarKofi Adjeman

Aave's EMode: Efficiency and Risk in DeFi Lending

chest

Aave's EMode feature allows for efficient borrowing among correlated assets but also increases the risk of liquidation during market stress.

user avatarSatoshi Nakamura

Avalanche Surpasses $3 Billion in Tokenized Real-World Assets

chest

Avalanche's tokenized real-world asset value has surpassed $3 billion, marking a significant milestone in its development as a platform for institutional finance.

user avatarNguyen Van Long

Aave's Debt Concentration Raises Concerns Amid Ethereum Volatility

chest

Aave's debt profile shows that a small number of loan positions account for a significant portion of its total outstanding debt, raising concerns about risk concentration.

user avatarJesper Sørensen

Shift in Airdrop Strategy Reflects Changing Market Dynamics

chest

Optimism's decision to reallocate tokens indicates a shift away from broad airdrops towards more strategic ecosystem investments.

user avatarLucas Weissmann

Optimism Governance Approves Reallocation of OP Tokens

chest

Optimism governance has approved the transfer of 5469 million OP tokens from user airdrop reserves to a Strategic Ecosystem Fund managed by the Optimism Foundation.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.