TechFlow news, October 14 — According to CoinDesk, Trump's economic advisor Scott Bessent told the Financial Times that a potential Trump administration is unlikely to deliberately devalue the dollar and will support a strong-dollar policy. Bessent argued that sound economic policies naturally lead to a strong dollar and indicated that Trump’s proposed tariffs of up to 20% on imported goods would ultimately be scaled back.
Although Trump is seen as crypto-friendly, a strong-dollar policy could limit gains for dollar-denominated risk assets such as cryptocurrencies. Bessent, founder of global macro investment firm Key Square Group, is considered a leading contender for Treasury Secretary if Trump wins. With the November 5 election approaching, prediction markets show Republican candidate Trump narrowing the gap with Democratic rival Kamala Harris.
