Trump pushes for global dollar dominance, but also embraces bitcoin

Contributing sentiments towards policy:

47% : What he's saying: "Those who say that bitcoin is a threat to the dollar have the story exactly backwards," Trump said in a speech to a bitcoin conference in Nashville in July.Between the lines: It's an article of faith among bitcoiners that fiat currencies in general, and the U.S. dollar in particular, make for terrible reserve currencies because of the way that governments can print them at will.
45% : Where it stands: The BRICS -- Brazil, Russia, India, China, and South Africa -- have joined with Saudi Arabia, Iran, Ethiopia, Egypt, and the United Arab Emirates to declare their opposition to a unipolar world where the U.S. can wield economic power far beyond its own shores.Zoom out: Trump's stated arguments for the imposition of tariffs -- whether it's fentanyl crossing the border or counteracting dollar dominance -- are not being taken particularly seriously by the market, which sees such rhetoric as just the way Trump likes to conduct trade negotiations.
43% : The bottom line: If the BRICS want to unite behind a dollar rival that Trump has endorsed but can't control, perhaps they should start thinking about bitcoin.

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