CryptoQuant CEO Claims Trump Transformed Crypto into ‘A Weapon of the United States

Ki Young Ju, CEO of CryptoQuant, recently discussed his perspective on the crypto market after Donald Trump’s announcement regarding a U.S. crypto reserve. Ju’s comments suggest that Trump’s involvement in crypto is transforming it into a “weapon” of the United States, shifting the market dynamics and potentially creating an advantage for U.S. interests in the global crypto space.

Ju points out that Trump’s announcement about a national crypto reserve sparked a notable rise in the prices of certain cryptocurrencies, especially those mentioned by Trump, such as XRP, Solana, and Cardano. Interestingly, Trump later referenced Bitcoin and Ethereum, raising questions about how these two major assets fit into the U.S. strategic plan for crypto.

The CryptoQuant CEO believes that under Trump’s leadership, cryptocurrencies, especially those aligned with U.S. interests, are becoming a tool for national dominance. Since Trump’s election, crypto has been framed not as an illegal or fringe technology, but as a legitimate instrument to advance U.S. geopolitical and economic goals. Ju suggests that coins that serve U.S. interests might work against other countries, potentially reshaping the global crypto landscape by absorbing foreign capital into U.S.-friendly projects.

Moreover, Ju raises concerns that the push by the U.S. to integrate crypto into its broader national strategy could pose challenges for decentralized cryptocurrencies like Bitcoin and Ethereum, which aim to decentralize financial power and serve the public good, rather than a specific nation’s interests.

The announcement of the U.S. crypto reserve triggered significant market movements, boosting the value of the overall crypto market by $300 billion. Bitcoin surged by 8%, surpassing $93,000, while Ethereum saw an 11% jump. Meanwhile, Cardano’s price skyrocketed by 75%, reflecting the market’s enthusiasm for Trump’s plan.

Despite these developments, Ju made it clear that his comments were not intended as criticism of the U.S. but as an analysis of how rapidly the country is adapting to leverage cryptocurrency for national gain. He expressed admiration for the speed with which the U.S. is maneuvering in the crypto world.

In conclusion, Ju sees the current situation as a potential shift in the way the crypto market functions globally, where U.S.-aligned cryptocurrencies may dominate and could impact the future of decentralized projects like Bitcoin and Ethereum.