Money printing and poor fiscal policy have reduced the dollar’s value since 1913, prompting countries to explore alternative assets.
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With Donald Trump set to be inaugurated as US president on Jan. 20, crypto advocates and industry analysts are weighing the role of crypto — specifically Bitcoin (BTC) — in the economy, and whether Trump’s stated pro-crypto policies will prop up the US dollar or erode its position as the global reserve currency.
Speaking to Cointelegraph, Lee Bratcher — president of industry advocacy group Texas Blockchain Council — said that Bitcoin occupies the same place as gold and is not a competitor to the US dollar.
This article first appeared at Cointelegraph.com News