Trump May Backtrack on Pro-Bitcoin Policies: Ki Young Ju

The post Trump May Backtrack on Pro-Bitcoin Policies: Ki Young Ju appeared first on Coinpedia Fintech News

Recently, CryptoQuant CEO and founder Ki Young Ju has noted that President-elect Donald Trump’s Bitcoin policies likely depend on the perceived strength of the United States economy and the US dollar by the global investment community. He noted that assets like Gold and Bitcoin rise in value when investors perceive threats to US economic dominance. However, confidence in the US economy and the dollar’s status as a safe haven persists. He noted that this strength makes it unlikely for the Trump administration to adopt a Bitcoin reserve strategy, and may cause the President-elect to backtrack on pro-BTC policies.