The era of massive de-dollarization might finally be up for a halt as US elections have brought Donald Trump back into the US political domain. The 47th president of the United States had earlier made his stance known to the world by announcing an array of plans to protect the US dollar. His plans include imposing taxes on countries moving away from the dollar to protect the currency’s integrity. However, there are more policies in store, waiting to be unraveled, that may help the nation ascend high on the global radar.
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Trump’s Ten Steps To Protect The US Economy: A Crypto Boom On Front
The US elections have finally come to a historic end, with Donald Trump emerging victorious after defeating his competitors. Trump will soon be assuming his role as the 47th US president, ready to open his treasure chest of policies meticulously planned and discussed to protect the US economy. His plans include a comprehensive crypto integration, which ultimately may play a huge role in transforming the US economic structure.
Per a recent post by Wu Blockchain, Trump may integrate a 10-step plan involving crypto to conduct a complete US economic overhaul. This includes using cryptocurrency to address US debt issues and redirecting the flow of the US SEC by firing SEC chair Gary Gensler.
In one of his interviews, Trump remarked about his fondness of Bitcoin, adding how it’s the US government hurting the dollar and not Bitcoin.
In addition to this, the dollar is poised to grow stronger as the steep tariff policy is all set to be enforced starting from next year which will curb the demand for foreign goods in the US. The development may help boost the dollar’s health and valuation in the long term. Furthermore, strengthening the US dollar will prosper with measures taken to quash de-dollarization narratives of all kinds.
At the same time, Trump is also planning to curb immigration policies, which may help the US labor market. The said prospects will also help the dollar recover its lost graces. Moreover, the tax imposition on countries moving away from the dollar might be the ultimate winner, helping the nation halt the rising de-dollarization drives.
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Trump Bitcoin Plan Sets To Revive US Economy
Per Wu Blockchain, Trump plans to include crypto in all facets of the US economy overhaul. This includes building a Bitcoin reservoir as well as preventing the US from selling Bitcoin reserves. At the same time, Trump will also emphasize building a holistic cryptocurrency framework, all while using Bitcoin to address the rising US debt issues.
This overhaul may also help Bitcoin soar to new price highs. Per CoinCodex, the asset may hit a new high by the end of November $97K.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 28.05% and reach $97,172 by December 8, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). Bitcoin recorded 16/30 (53%) green days with 5.02% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
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