CryptoQuant CEO Explains How Trump Made Crypto a Weapon for US Dominance

CryptoQuant CEO Ki Young Ju has stated that the crypto market is increasingly being shaped into a tool for U.S. dominance under President Donald Trump. His remarks follow Trump’s recent announcement regarding the establishment of a U.S. crypto reserve, which triggered major market movements.

The initiative led to a $300 billion boost in total crypto market value, with Bitcoin rising by 8% and Ethereum gaining 11%.

CryptoQuant CEO Explains How Trump is Weaponizing Crypto

In a recent post, CryptoQuant CEO Ki Young Ju analyzed President Donald Trump’s approach to cryptocurrency. According to Ju, Trump’s decision to establish a U.S. crypto reserve marks a shift in the global crypto landscape. Ju noted that the announcement initially mentioned XRP, Solana, and Cardano, while Bitcoin and Ethereum were only included later.

Ju interpreted Trump’s actions as a move to assess the strategic value of different cryptocurrencies. He suggested that the initial exclusion of Bitcoin and Ethereum might indicate that Trump sees them as neutral assets rather than direct contributors to U.S. interests. Ju further stated that Trump’s strategy is positioning the U.S. to dominate the crypto market and absorb foreign capital.

Meanwhile, Binance founder reacted to BNB’s exclusion from the U.S. Crypto Strategic Reserve by urging holders to remain patient and not panic. CZ emphasized that BNB’s absence is likely due to the U.S. prioritizing domestically founded cryptocurrencies in the initial selection. He remains optimistic that BNB will be added in the future and pointed out that other nations may introduce their crypto strategic reserves.

Market Reaction to Crypto Reserve Announcement

Following Trump’s announcement, the crypto market experienced a rapid surge. The total market capitalization increased by $300 billion, driven by price jumps in multiple assets. Bitcoin saw an 8% increase, climbing past $93,000 before slightly dropping, while Ethereum rose by 11%.

Among the tokens first included in the U.S. crypto reserve, Cardano saw the highest surge, gaining up to 75%, while Solana and XRP also experienced double-digit growth. The sudden price movements reflected strong investor confidence in the crypto assets.

Following the CryptoQuant CEO insights, a recent report has highlighted other cryptos that could potentially be included in Trump’s Crypto Reserve. Dogecoin, SUI, and Chainlink have gained significant momentum, sparking speculation about their addition.

Concerns Over Bitcoin and Ethereum Position

While CryptoQuant CEO Ki Young Ju acknowledged the market benefits of Trump’s crypto policies, he also pointed out potential challenges for Bitcoin and Ethereum. He suggested that Trump’s focus on specific cryptocurrencies tied to U.S. interests could weaken the position of decentralized assets.

Ju emphasized that Bitcoin and Ethereum have historically been viewed as tools for decentralization rather than instruments of national influence. He noted that Trump’s statements positioned these two assets as neutral.

CryptoQuant CEO stated

“This trend is also unfavorable for #Bitcoin and #Ethereum, which strive for neutrality and aim to become global public goods. Judging by Trump’s recent posts, it seems that Bitcoin and Ethereum are now being signaled as “neither friend nor foe.”

The Shift in Crypto’s Perception Under New Administartion

According to CryptoQuant CEO Ki Young Ju, the perception of cryptocurrency has changed under Donald Trump’s administration. Ju noted that crypto, once regarded with skepticism, is now being embraced as a national asset.

While he did not pass judgment on this approach, he observed that the U.S. is using cryptocurrency as a tool to expand its global financial influence.

Moreover, Ki Young Ju expressed worries that this shift in regulatory standards could lead to market manipulation. He emphasized that the lack of oversight might encourage fraudulent activities like rug pulls, harming retail investors.

The CEO added, 

“Since Trump’s election, universal moral standards have declined.”