US scholar: White House's promotion of Bitcoin may shake people's trust in the US dollar as the global reserve currency

CF40 Research Institute published an article titled "The 'Politicization' of Cryptocurrencies," which revealed that the continued penetration of the cryptocurrency industry into "money politics" has attracted widespread attention since the end of the 2024 US presidential election, which saw Trump's victory. American scholar Vitaliy Katsenelson suggested that as the market's sentiment towards the US dollar has been disturbed, the promotion of Bitcoin by the White House may shake people's trust in the US dollar as the global reserve currency, thus weakening its position. As for the current fiscal challenges, "what can truly keep the United States great is not Bitcoin, but control of debt and deficits."