š Trumpās Bitcoin Strategy: A Weaker Dollar & a BTC Reserve?
In a surprising shift, former PresidentĀ Donald TrumpĀ appears to supportĀ Bitcoinās riseĀ as a global reserve currencyāseeing it as a way toĀ relieve pressure on the weakening dollar.
Key Takeaways:
Dollar Decline:Ā The USD has droppedĀ 11% this year, with Morgan Stanley predicting anotherĀ 9% fall. Trump sees this as a chance to boost U.S. manufacturing.
"Mar-a-Lago Deal":Ā AĀ competitive devaluation strategyĀ to reduce trade deficits by making exports cheaper.
Asia Ditching the Dollar:Ā Countries like Taiwan and South Korea areĀ diversifying away from USD, fueling Bitcoinās appeal.
White Houseās Bitcoin Reserve Plan:Ā AdvisorĀ Bo HinesĀ confirmed efforts toĀ accumulate BTC as "digital gold"āpossibly swapping gold reserves for Bitcoin.
Fed & Banks Embrace BTC:Ā TheĀ FHFA now accepts Bitcoin as mortgage collateral, and major banks (Citi, Bank of America) are bullish on BTCās role in global trade.
Trumpās Dilemma:
He wants aĀ strong dollar for global trustĀ but also aĀ weaker one for U.S. competitiveness. Bitcoin may be theĀ compromiseāreducing reliance on the dollarās "exorbitant privilege."
šĀ Market Impact:Ā Analysts speculate this could push Bitcoin towardĀ $200,000Ā in the coming bull run.
šĀ Want more?Ā Read the full analysis here