Investing.com– Incoming U.S. President Donald Trump is unlikely to support calls for a reserve for the United States, given his unwavering belief in the supremacy of the dollar as the global reserve currency, according to TD Cowen analysts.
Trump’s recent statements reinforce his stance on preserving the dollar’s central role, TD Cowen analysts said a note. Over the weekend, he threatened the BRICS alliance—comprising nations such as China, Russia, India, and Brazil—with 100% tariffs if they move forward with plans for a new currency or seek alternatives to the dollar in global trade.
TD Cowen analysts said that while some see a strategic bitcoin reserve as a hedge against the dollar’s potential decline, such an idea conflicts with Trump’s prioritization of U.S. economic and military power. They added that Trump views the dollar’s dominance as integral to…
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