U.S. President Donald Trump praised Bitcoin’s growing role in the American economy during a recent White House press conference, highlighting its potential to ease pressure on the dollar and support job creation in the digital asset sector.
Trump acknowledged that Bitcoin has become “amazing,” pointing to its rising use in payments and its contribution to reducing strain on the U.S. currency. Analysts, like Anders X, suggest his remarks allude to the Triffin Dilemma — the tension faced by a country issuing the global reserve currency: maintaining international liquidity while preserving domestic monetary value.
The U.S. dollar’s long-term challenges are well documented. As the Federal Reserve expands the money supply to support persistent trade deficits, the dollar’s purchasing power continues to erode. Trump’s past comments on using Bitcoin to address national debt underscore a growing awareness of the inflationary risks tied to unchecked fiscal expansion.
However, critics argue that even a full nationalization of Bitcoin wouldn’t come close to covering the $37 trillion in U.S. debt. Meanwhile, the dollar index (DXY) has slid to its lowest in three years, reflecting weakening confidence in U.S. creditworthiness despite rising bond yields.
Macro strategist Lyn Alden’s phrase — “nothing stops this train” — has gained traction as a grim summary of the global debt spiral and ongoing monetary expansion. Against this backdrop, Bitcoin’s appeal as a non-sovereign, supply-capped alternative continues to grow.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/trump-hails-bitcoin-as-a-strategic-asset-amid-dollar-struggles/