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The US dollar vs crypto: Is Trump undermining the greenback?

Money printing and poor fiscal policy have reduced the dollar’s value since 1913, prompting countries to explore alternative assets.

COINTELEGRAPH IN YOUR SOCIAL FEED

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

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