Analyst: Bitcoin reserves are at odds with Trump’s view of the dollar as the world’s key currency
President-elect Trump has promised to make the United States a global home for cryptocurrency and even supports the idea of establishing a strategic national Bitcoin reserve. However, industry insiders question whether the latter goal is feasible given Trump's "firm" view of the US dollar as a key world currency. TD Cowen analyst Jaret Seiberg wrote in a report that a Bitcoin reserve is inconsistent with Trump's views, and that "Trump is likely to promote a Bitcoin reserve on social media or mention it in a speech, but this is not the same as using the significant political capital needed to achieve this goal."
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