Standard Chartered: Bitcoin Could Benefit from US Fiscal Dominance and Trump's Victory

A recent analysis by Standard Chartered noted that Bitcoin could benefit if the US continues to maintain its fiscal edge and Trump wins the upcoming election. Analysts believe that this situation could exacerbate the depreciation pressure on the dollar, thus pushing investors to seek alternative assets such as Bitcoin as a store of value. In addition, some of the economic stimulus measures that may be included in Trump's policies may also indirectly promote the growth of the cryptocurrency market.