CryptoQuant CEO Ki Young Ju has expressed concerns that under former President Donald Trump, the U.S. is using cryptocurrencies as a tool to enhance its global dominance. In a recent post on X, Ju commented that Trump’s policies are reshaping the crypto landscape, with the U.S. increasingly treating digital assets as a strategic weapon.
Ju’s remarks follow Trump’s announcement of the creation of a U.S. crypto reserve, a move that sparked significant market fluctuations. Initially, the reserve included coins such as XRP, Solana, and Cardano, with Bitcoin and Ethereum added later. Ju believes that Trump is carefully selecting cryptocurrencies that align with U.S. interests, and the delayed inclusion of Bitcoin and Ethereum indicates that they are being viewed as neutral assets rather than key players in the U.S. economy.
While acknowledging that Trump’s crypto initiatives have brought positive momentum to the market, Ju also cautioned about the challenges Bitcoin and Ethereum may face. He suggested that Trump’s focus on U.S.-aligned cryptocurrencies could undermine the decentralized nature of these digital assets, which have traditionally been regarded as neutral and independent.
According to Ju, the perception of cryptocurrencies has shifted significantly under Trump’s administration. Once viewed with skepticism, crypto is now being embraced as a national asset by the U.S. government. Ju refrained from labeling this development as either positive or negative but emphasized that it could increase the U.S.’s financial influence on the global stage.
However, Ju warned that lax regulations could open the door to market manipulation and scams, potentially putting regular investors at risk.
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