Ki Young Ju, CEO of CryptoQuant, suggests that President-elect Donald Trump's Bitcoin policies are influenced by the global perception of the US economy and the strength of the US dollar. He notes that assets like Bitcoin and gold tend to increase in value when threats to US economic dominance are perceived. However, with confidence in the US economy currently strong, it may be less likely for Trump to implement pro-Bitcoin policies, aiming instead to protect US dollar supremacy. Ju pointed out a trend among Koreans choosing US dollars over gold or Bitcoin, especially as the Korean won weakens. This pattern also extends to nations experiencing economic instability, where individuals turn to US dollars as a safeguard against local currency devaluation. For instance, Turkey's inflation rate recently soared to 67%, leading to increased reliance on US dollar stability. Additionally, Paxos CEO Charles Cascarilla highlighted the growing role of dollar-pegged stablecoins within the onchain financial system, underscoring the dollar's continued dominance as a store of value globally.

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