American Scholar: The White House's promotion of Bitcoin could potentially shake people's trust in the US dollar as a global reserve currency

On November 30, the CF40 Research Institute published an article titled "The Politicization of Cryptocurrency", which revealed that after the curtain fell on the 2024 US presidential election and Trump's victory, the continuous advance of the cryptocurrency industry into "money politics" has attracted widespread attention. American scholar Vitaliy Katsenelson proposed that as market sentiment towards the dollar has been disturbed, White House promotion of Bitcoin could shake people's trust in the dollar as a global reserve currency, thereby weakening its status. As for current fiscal challenges, he stated: "What can truly keep America great is not Bitcoin but controlling debt and deficit."