In a recent press conference, former President Donald Trump shared positive thoughts about Bitcoin. He said the growing crypto market is good for the U.S. economy and may even help reduce pressure on the U.S. dollar.
🗣️ What Trump Said About Bitcoin
Trump called Bitcoin and the crypto industry “amazing.” He pointed out:
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More jobs are being created because of crypto.
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People are using Bitcoin more in payments.
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It’s taking pressure off the dollar, which he said is “a great thing” for the country.
He even mentioned in the past that Bitcoin could help pay off the national debt — though experts say that’s unlikely due to the size of the debt compared to Bitcoin’s supply.
📉 The Dollar Problem
Bitcoin researcher Anders X suggested Trump might be referring to the Triffin Dilemma — a problem where the U.S., as the global leader in currency, has to print more dollars to meet international demand. This weakens the dollar over time and creates massive trade deficits.
Economist Lyn Alden summed it up with a phrase: "Nothing stops this train." This means countries are likely to keep printing money, which reduces the long-term value of their currencies — including the U.S. dollar.
📊 Dollar Weakness and Market Worries
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The Dollar Index (DXY) just hit its lowest level in three years.
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At the same time, U.S. government bond yields are rising, showing investors are losing trust in the government’s ability to manage its debt.
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The national debt has now passed $37 trillion — a number that continues to grow.
✅ Summary
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Trump praised Bitcoin for creating jobs and helping ease pressure on the U.S. dollar.
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He sees crypto as a growing part of the economy.
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Experts warn the U.S. dollar is weakening due to never-ending money printing and rising debt.
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Bitcoin, with its limited supply, is seen by some as a safer store of value.
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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