Analyst: Bitcoin reserves incompatible with Trump’s view of dollar as world’s key currency
Editor
2024-12-04 13:03 3,188
Share to:
Golden Finance reports that President-elect Trump has promised to make the United States a global home for cryptocurrencies and even supports the idea of establishing a strategic national Bitcoin reserve, but industry insiders have questions about whether the latter goal is feasible.
TD Cowen analyst Jaret Seiberg wrote in a report that Bitcoin reserves are at odds with Trump’s “unwavering” view of the U.S. dollar as the world’s key currency.
"Trump will likely still promote the Bitcoin reserve on social media or mention it in speeches, which is not the same thing as leveraging the significant political capital needed to achieve that goal," Seiberg said.