Trump has Turned Crypto Into a U.S. Weapon: CryptoQuant CEO

CryptoQuant CEO Ki Young Ju believes that nether President Donald Trump, the crypto marketplace is becoming a instrumentality for U.S. dominance.

In a caller post connected X, Ki Young Ju stated that Trump’s determination marks a displacement successful the planetary crypto landscape, with the marketplace progressively becoming a limb of the United States..

His comments came aft Trump announced the instauration of a U.S. crypto reserve, which caused large marketplace movements. The announcement initially included XRP, Solana, and Cardano, portion Bitcoin and Ethereum were added later.

Ju believes Trump is evaluating which cryptos champion service U.S. interests. The delayed inclusion of Bitcoin and Ethereum suggests Trump views them arsenic neutral assets alternatively than cardinal contributors to the U.S. economy. He sees this arsenic portion of a broader program to predominate the crypto manufacture and pull overseas capital.

Young Ju admitted that Trump’s crypto policies person boosted the market, but helium besides cautioned astir the difficulties facing Bitcoin and Ethereum. He projected that decentralized assets whitethorn beryllium weakened by Trump’s accent connected cryptocurrencies that are associated with the United States.

Ju pointed retired that Bitcoin and Ethereum person traditionally been seen arsenic neutral and decentralized, alternatively than tools for nationalist interests. Based connected Trump’s caller statements, helium believes these 2 assets are present being treated arsenic “neither person nor foe.”

He says the mode radical spot crypto has changed nether Donald Trump. Once viewed with doubt, it’s present being treated arsenic a nationalist plus by the U.S. government.

However, Ju didn’t accidental whether this was bully oregon bad, but helium pointed retired that the U.S. is utilizing crypto to summation its planetary fiscal power. He besides warned that weaker regulations could pb to marketplace manipulation and scams similar rug pulls, which could wounded regular investors.

Also Read: Eric Trump Calls U.S. Crypto Reserve Sunday Timing “Genius”