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Today, we will explore a thought-provoking question: in order to establish global currency hegemony, should a country be the largest importer or exporter? Behind this question lies a complex web of economic strategies and political considerations.
Trump's actions seem to reveal his clear goal: to push up the price of Bitcoin and shape it into the next global currency. For those familiar with finance, the intention behind this strategy is obvious.
For a long time, there has been a subtle inverse relationship between the hegemony of the dollar and the return of manufacturing. A country with a hegemonic currency often needs to become the world's largest importer. This is because only by injecting a large amount of currency into the international market can it become the mainstream medium of exchange globally.
However, if Trump is committed to promoting the return of manufacturing, the United States may transform into a manufacturing powerhouse, and exports are bound to increase. This means that the U.S. will sell more products and buy less, thereby reducing the international circulation of the dollar, which may affect its monetary hegemony.
This may explain why Trump has been actively promoting Bitcoin. Even if the dollar's hegemony may face challenges, a new Bitcoin-dominated monetary system seems to be brewing. This strategy demonstrates the ambition to maintain a leading position amid changes in the global economic landscape.
When we think about the relationship between currency hegemony and national economic policy, we cannot help but ask: will the traditional concept of currency hegemony continue to dominate in the future global economy? Will decentralized digital currencies like Bitcoin reshape our understanding of the international financial system? The answers to these questions may gradually become clear in the near future.