Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Economist: Trumps national Bitcoin reserve plan has no real economic benefits

Economist: Trumps national Bitcoin reserve plan has no real economic benefits

Odaily2024/07/31 12:31
By:Odaily
Odaily News Former US President Donald Trump announced that he would establish a national Bitcoin reserve program if he is re-elected, but James Angel, an economist at Georgetown University who specializes in financial markets, said, I dont see any real economic benefits. The actual benefit is that Bitcoin will make Bitcoin enthusiasts vote for Trump. James Angel pointed out that the view that investing in Bitcoin can offset the loss of spending power caused by inflation depends on two unreliable assumptions: one is that the price of Bitcoin will rise; the other is that the government will be able to sell Bitcoin back to US dollars at some stage without causing a market crash. The US government can push up the price by buying Bitcoin, so that it looks like the government has made a lot of money, but once the government starts selling Bitcoin for profit, the price will fall again. (Wired)
0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

XRP is ready to a dip?

Kriptoworld2025/05/18 02:55

Can crypto industry keep up with MiCA?

Kriptoworld2025/05/18 02:55

Qubetics Hits 34th Presale Stage: Best 100x Crypto to Watch as Cosmos Expands and TON Grows with Telegram

Discover how Qubetics, Cosmos, and TON are shaping the future of blockchain with innovative solutions and presale success. Explore the Best 100x crypto opportunities today.Qubetics: The Decentralized VPN Revolutionizing Blockchain for Businesses and ProfessionalsCosmos: Connecting Blockchains and Enhancing ScalabilityTON: A New Era of Blockchain with Telegram IntegrationConclusion: The Best 100x Crypto Opportunity Awaits

Coinomedia2025/05/18 00:44
Qubetics Hits 34th Presale Stage: Best 100x Crypto to Watch as Cosmos Expands and TON Grows with Telegram