Donald Trump’s potential return to the White House in November may bring about a weaker dollar, if the former US president gets his way. Some analysts reckon that would be a benefit for Bitcoin.
Concern around the dollar’s strength relative to currencies of trading partners like China and Japan has emerged as one of the Trump campaign’s key policy issues in recent weeks, leading the greenback to decline as Trump’s odds of winning the US election improved. A devaluation would support riskier assets like cryptocurrencies and gold, which have bounced under a strategy know as the Trump Trade.
