Trump Considers Bitcoin-Centric Approach, Says CryptoQuant CEO

IconCryptoNewsTerminal Staff15 Jul, 2024

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Trump Considers Bitcoin-Centric Approach, Says CryptoQuant CEO

CryptoQuant CEO Ki-Young Ju has revealed that former US President Donald Trump is considering a Bitcoin-centric approach. This comes after Trump previously stated that he would never allow Central Bank Digital Currencies (CBDCs) if re-elected. Ju believes that Trump understands Bitcoin properly. He notes that Trump is against central bank-centric policies and sees Bitcoin as a potential alternative. A Bitcoin-centric approach would be a significant shift from the current financial system, which is heavily reliant on central banks. It is unclear how such a system would work in practice, but it is sure to be a topic of much debate in the coming years.