The crypto executive believes the debate on the Bitcoin reserve would only gain serious momentum if the country’s global economic dominance is "genuinely threatened,” adding, "At present, market sentiment suggests confidence in the US’ continued supremacy.” The US processed 37.8% of the world’s Bitcoin in 2022, making it the leader in crypto mining, according to government data.
Kiyosaki Stands Firm Amid BlackRock ETF Drama BTC Reserve Doubtful Young Ju is not convinced that the proposed Bitcoin reserve would push through, saying it is unlikely that Trump would embrace the crypto strategy to protect US dollar dominance because the greenback remains a safe haven currency.
Related Reading: CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst The CryptoQuant CEO suggested that more likely, Trump would "step back from his Bitcoin advocacy,” pointing out that he might cite that there has been a change in priorities, "without alienating his voter base.” "At the BTC Conference, was his mention of Bitcoin as a strategic asset a genuine step toward preparing for a Bitcoin Standard, or merely a calculated move to secure votes? ” he said.
The story "Bitcoin As A Strategic Asset? CryptoQuant CEO Questions US’s Next Move" has 475 words across 62 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Bitcoin As A Strategic Asset? CryptoQuant CEO Questions US’s Next Move" was covered 1 weeks ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 5 news stories per day.
It's most recent story was published 10 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
