4min chapter

Macro Musings with David Beckworth cover image

Stephen Miran on Activist Treasury Issuance and the Monetary Policy Implications of a Second Trump Term

Macro Musings with David Beckworth

CHAPTER

Exploring Trump's Potential Crypto Policies and Their Implications

This chapter discusses President Trump's endorsement of cryptocurrency and the potential establishment of a 'Bitcoin strategic reserve' by the US Treasury. It examines how this move could transform Bitcoin from a speculative asset into a recognized international currency, raising important questions about liquidity and government reserves.

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