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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

SpaceX Falcon 9 Launch Scheduled for October 19

SpaceX is preparing for a Falcon 9 rocket launch from Cape Canaveral on October 19, 2026, at 6:30 AM ET, which may create a jellyfish effect. Weather conditions currently pose a threat with only a 55% chance of favorable conditions.

user avatarRajesh Kumar

Cardano's Stablecoin Market Surpasses 702 Million

As of October 18, Cardano's stablecoin market has reached a notable milestone, with the total supply of dollar-pegged tokens hitting approximately 702 million.

user avatarFilippo Romano

Aptos Reports Token Burn and Staking Emissions

Aptos has burned approximately 174,570 APT in the last 30 days while issuing around 15 million APT through staking.

user avatarEmily Carter

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

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.