Trump's Economic Advisor: The potential new government will support a strong dollar, or limit the rise of cryptocurrency
Scott Bessent, an economic advisor to Trump, told the UK's Financial Times on Sunday that a new US government possibly led by Donald Trump would support a strong dollar. This is consistent with decades of US policy and downplays concerns about the depreciation of the dollar during Trump's presidency.
Bessent said, "Reserve currencies can fluctuate according to market trends. I believe if you have good economic policies, you will naturally have a strong dollar." In other words, although Trump's potential presidential term is expected to positively impact digital assets, its characteristic might be a robust dollar. A robust dollar often limits the rise in high-risk assets priced in dollars such as cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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