CryptoQuant CEO Ki Younger Ju believes that beneath President Donald Trump, the crypto market is changing into a software for U.S. dominance.
In a latest post on X, Ki Younger Ju said that Trump’s determination marks a shift within the international crypto panorama, with the market more and more changing into a weapon of america..
His feedback got here after Trump introduced the creation of a U.S. crypto reserve, which brought on main market actions. The announcement initially included XRP, Solana, and Cardano, whereas Bitcoin and Ethereum had been added later.
Ju believes Trump is evaluating which cryptos finest serve U.S. pursuits. The delayed inclusion of Bitcoin and Ethereum suggests Trump views them as impartial belongings reasonably than key contributors to the U.S. financial system. He sees this as a part of a broader plan to dominate the crypto trade and entice overseas capital.
Younger Ju admitted that Trump’s crypto insurance policies have boosted the market, however he additionally cautioned in regards to the difficulties going through Bitcoin and Ethereum. He proposed that decentralized belongings could also be weakened by Trump’s emphasis on cryptocurrencies which can be related to america.
Ju identified that Bitcoin and Ethereum have historically been seen as impartial and decentralized, reasonably than instruments for nationwide pursuits. Primarily based on Trump’s latest statements, he believes these two belongings at the moment are being handled as “neither buddy nor foe.”
He says the way in which folks see crypto has modified beneath Donald Trump. As soon as seen with doubt, it’s now being handled as a nationwide asset by the U.S. authorities.
Nonetheless, Ju didn’t say whether or not this was good or unhealthy, however he identified that the U.S. is utilizing crypto to extend its international monetary energy. He additionally warned that weaker laws may result in market manipulation and scams like rug pulls, which may harm common traders.
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