BTC Reserve Doubtful<\/strong><\/h2>\nYoung Ju is not convinced that the proposed Bitcoin reserve<\/a> 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.<\/p>\n\nThroughout history, whenever the United States perceived a threat to its dominance in the global economy, gold prices surged, and debates around the gold standard gained traction.<\/p>\n
In the late 1990s, Peter Schiff championed gold as the true form of money, much like today\u2019s\u2026<\/p>\n
\u2014 Ki Young Ju (@ki_young_ju) December 28, 2024<\/a><\/p><\/blockquote>\nThe executive of CryptoQuant thinks that the policies of the new government would be much influenced by the apparent strength of the US economy and the predominance of the American currency in international trade.<\/p>\n
Young Ju said that if there is a perceived threat to the US economic hegemony, gold, Bitcoin or any other store-of-value assets would experience a surge in its price.<\/p>\n
US Economy Still Dominates<\/strong><\/h2>\nYoung Ju argued that there is no perceived threat to American dominance since many investors still have great confidence in the US economy or the US dollar.<\/a><\/p>\n\n\u201cI personally support the idea of #Bitcoin Standard. However, I question whether the US, while continuing to grow as other economies stagnate, would adopt Bitcoin as a strategic asset,\u201d he said in a post.<\/h4>\n<\/blockquote>\n
The crypto executive believes the debate on the Bitcoin reserve would only gain serious momentum if the country\u2019s global economic dominance is \u201cgenuinely threatened,\u201d adding, \u201cAt present, market sentiment suggests confidence in the US’ continued supremacy.\u201d<\/p>\n![](\"https:\/\/www.tradingview.com\/x\/QL1RNbdo\/\")
BTCUSD currently trading at $94,525. Chart: TradingView<\/a><\/figcaption><\/figure>\nThe US processed 37.8% of the world’s Bitcoin in 2022, making it the leader in crypto mining, according to government data.<\/p>\n
Crypto Stance Could Shift<\/strong><\/h3>\nYoung Ju said that it is possible that Trump\u2019s stance on Bitcoin may take an unexpected turn depending on the broader political landscape.<\/p>\n
\u201cIf Trump succeeds in showcasing US economic resilience, reinforcing the dollar\u2019s supremacy, and boosting his approval ratings, it\u2019s unclear if he would maintain the strong pro-Bitcoin stance<\/a> he demonstrated during his campaign,\u201d he explained in a post.<\/p>\n
\nThroughout history, whenever the United States perceived a threat to its dominance in the global economy, gold prices surged, and debates around the gold standard gained traction.<\/p>\n
In the late 1990s, Peter Schiff championed gold as the true form of money, much like today\u2019s\u2026<\/p>\n
\u2014 Ki Young Ju (@ki_young_ju) December 28, 2024<\/a><\/p><\/blockquote>\n
The executive of CryptoQuant thinks that the policies of the new government would be much influenced by the apparent strength of the US economy and the predominance of the American currency in international trade.<\/p>\n
Young Ju said that if there is a perceived threat to the US economic hegemony, gold, Bitcoin or any other store-of-value assets would experience a surge in its price.<\/p>\n
US Economy Still Dominates<\/strong><\/h2>\n
Young Ju argued that there is no perceived threat to American dominance since many investors still have great confidence in the US economy or the US dollar.<\/a><\/p>\n
\n\u201cI personally support the idea of #Bitcoin Standard. However, I question whether the US, while continuing to grow as other economies stagnate, would adopt Bitcoin as a strategic asset,\u201d he said in a post.<\/h4>\n<\/blockquote>\n
The crypto executive believes the debate on the Bitcoin reserve would only gain serious momentum if the country\u2019s global economic dominance is \u201cgenuinely threatened,\u201d adding, \u201cAt present, market sentiment suggests confidence in the US’ continued supremacy.\u201d<\/p>\n
BTCUSD currently trading at $94,525. Chart: TradingView<\/a><\/figcaption><\/figure>\n The US processed 37.8% of the world’s Bitcoin in 2022, making it the leader in crypto mining, according to government data.<\/p>\n
Crypto Stance Could Shift<\/strong><\/h3>\n
Young Ju said that it is possible that Trump\u2019s stance on Bitcoin may take an unexpected turn depending on the broader political landscape.<\/p>\n
\u201cIf Trump succeeds in showcasing US economic resilience, reinforcing the dollar\u2019s supremacy, and boosting his approval ratings, it\u2019s unclear if he would maintain the strong pro-Bitcoin stance<\/a> he demonstrated during his campaign,\u201d he explained in a post.<\/p>\n