American academic: The White House's promotion of bitcoin could shake people's trust in the dollar as a global reserve currency

The CF40 Institute published an article "The Politicization of Cryptocurrency", which revealed that the 2024 US presidential election came to an end, and behind Trump's victory, the cryptocurrency industry's continued entry into "money politics" attracted widespread attention.
Vitaliy Katsenelson, an American academic, has argued that the White House's promotion of Bitcoin could undermine the dollar's status by undermining trust in the dollar as a global reserve currency at a time when sentiment toward the dollar is already perturbed. As for the current fiscal challenge, "what will really keep America great is not Bitcoin, but controlling debt and deficits."