ChainCatcher news, according to CoinDesk, Circle CEO Jeremy Allaire stated in an interview with CNBC that cryptocurrency is already a "purple" issue, or a bipartisan concern, but more action is needed to solidify this status; otherwise, the U.S. will miss the opportunity to lead in this field.Jeremy Allaire mentioned that Trump himself may not have a deep understanding of cryptocurrency issues, but the people and advisors around him have a fairly profound insight into the relevant matters. Furthermore, although the crypto community speculates that Trump might support some bold initiatives, such as making Bitcoin a national reserve currency for the U.S., Jeremy Allaire seems skeptical about the likelihood of Trump committing to these ideas.

ChainCatcher message, Bitcoin on-chain analyst Willy Woo predicts that in the next decade, the value of Bitcoin will easily reach 1 million dollars. The subsequent impact of the top crypto asset reaching such a milestone will be that BTC ultimately becomes a reserve currency. It is expected to witness a "cleaning of central bank corruption," with the adoption of BTC as a reserve currency potentially marking the end of uncontrolled money creation by central banks, which will make wars more expensive. This, in turn, will deter countries from waging wars.It is reported that Twitter co-founder Jack Dorsey and ARK Invest CEO Cathie Wood also predict that crypto assets will eventually surpass the million-dollar mark.

ChainCatcher message, BitMEX co-founder Arthur Hayes published a latest blog analyzing the global reserve currency system, stating that various currency groups will emerge in the future, but there will be no global reserve currency hegemony. Trade with the West will continue to be conducted in US dollars, while trade with other countries will be conducted in RMB, gold, rupees, etc. When there is an imbalance between groups, they will settle in neutral reserve currencies. Historically, this has always been gold, and that will not change.Arthur Hayes believes that as the global financial system disintegrates, the demand for US financial assets will decrease. The West cannot allow general capital to flee from its markets to places like cryptocurrencies, foreign stocks, and bond markets; they need investors as exit liquidity. Therefore, the West is making it more difficult to buy cryptocurrencies and store them in private wallets. It is not advisable to listen to any official statements, as they are misleading investors. In the coming years, the world will trade in multiple currencies and then hoard gold when necessary, and perhaps at some point in the near future, will choose to hoard Bitcoin. (source link)