Standard Chartered: Bitcoin could benefit from US fiscal dominance and Trump's victory

PANews reported on May 7 that according to CoinDesk, Standard Chartered Bank's recent analysis report pointed out that if the United States continues to maintain its fiscal advantage and Trump wins the upcoming election, Bitcoin may benefit from it. Analysts believe that this situation may increase the depreciation pressure of the US dollar, thereby prompting investors to seek alternative assets such as Bitcoin as a means of storing value. In addition, certain economic stimulus measures that may be included in Trump's policies may also indirectly promote the growth of the cryptocurrency market.