I hope that Trump is saying this not because he wants the citizens to love him and because he has his own coin but because it's the fact that increase in bitcoin adoption will ease the pressure on dollar which is the world reserve currency.

However, from the article in the OP, it shows that Trump is diving into crypto with all seriousness, not because he has a strong love for it but because he doesn't want China to overtake the US in cryptocurrency. This is why he is creating a crypto reserve strategy in the US. However, only bitcoin is qualified for this purpose.

Bitcoin is Bitcoin, and the US. dollar is the US. dollar, they are different currencies and Bitcoin can not reduce pressure on the US. dollar or can not increasing the purchasing power of US. dollar. Bitcoin is Bitcoin, itself, and only it is not responsible to fix the central bank system in the USA or the US. dollar.

The US. government, FED, the central bank are responsible for their monetary policy and inflation of the US. dollar and they must rectify these issues by themselves. Bitcoin can not help them to fix those problems, never, no matter what said by Trump, Bitcoin won't be able to do it for him.

See how the purchasing power of US. dollar declines considerbaly with time, but not because of Bitcoin appearance since 2009 and it is mainly because of money printing over time.

Are politicians' views on Bitcoin changing or are Trump just saying what the media wants to hear?

Honestly I don't understand how that works, can you or someone explain it to me? How will Bitcoin reduce the pressure on the USD when its dominance is gradually declining due to de-dollarization programs, and the US is trying to find ways to prevent this from happening as slowly as possible? Will bitcoin adoption slow or stop dedollarization or will it accelerate it?


I think bitcoin will only help take pressure off the USD and benefit the US unless they control it but as we all know, that will never happen.

What trump is saying today may be something else tomorrow, i dont trust him completely. I still think he is good for bitcoin because he is doing it differently and accepting it. He has understood that normally the value can only go up. The picture hd49728 posted is a sign of what inflation does to the value of the dollar. I think Bitcoin is more in the media with trump, but it has gone up in the past without him and it will continue to do so in the future.

People need to realize that the bitcoin cannot increase the value of the country’s currency or neither increases its purchasing power, bitcoin can rather give its users extra advantage instead of using the country’s currency, the dollar in this case can only grow in strength and value base on the economic power of the country which will make it currency attractive, I don’t get what trump meant by it will reduce pressure on dollar but what I know is many will prefer to hold it than hoard dollar and also will prefer using bitcoin for payments most especially cross border transactions than going through the hassle of using the local currency


I personally do not take his words too seriously because the turn of events since his inception as the president of the country doesn’t matches with his self claimed likeness for crypto currency. The $Trump coin helped shill had no business been created in the first place because it lacked any use case

The truth is that while Trump's comments may sound interesting or sweet, the reality is much more complex. Bitcoin is not yet in a stable position to replace the much more complex dollar because Bitcoin ownership is only 6% worldwide. The example of El Salvador proves that even though they legalized Bitcoin, they have not been able to bring stability to their economy so far. Do central banks want stability for monetary policy and financial stability or will they choose a volatile currency like Bitcoin?

Let's see what happens in the future, but Bitcoin has not yet reached the point where it can be an alternative to the global reserve currency.

In my opinion, Donald Trump realizes that the modern financial system will be transformed very thoroughly in the near future. Many countries are currently implementing central bank digital currencies. And this is a very big challenge for the American dollar. Officially, the American authorities have abandoned the idea of ​​​​creating their own digital dollar. However, they are actively promoting centralized American stablecoins. At the same time, laws have already been adopted according to which only dollars, dollar deposits and American treasury government bonds can be used as collateral for these stablecoins. Thus, the promotion of stablecoins will help strengthen the role of the US dollar. And what is the role of Bitcoin in this system? Bitcoin must accumulate consumer inflation, that is, not allow inflation to penetrate consumer markets and lead to an increase in the cost of American goods, works and services. This is a very important function, and this is why, in my opinion, Donald Trump now supports the first cryptocurrency.

In terms of the alternative feature of Bitcoin, Trump is right, because as a business man, Trump's understanding about alternative financial tools is wide enough to spot the advantages that comes with Bitcoin adoption d how it will redirect some pressure from the United States dollars to Bitcoin.


Take example in the term of carrying out business and deal one can decide to use Bitcoin to settle for business and other deals that require payments without any third party delays.

He is not only a businessman but also a billionaire, so he has a deep understanding of financial instruments but that does not mean he knows everything. Especially with bitcoin, a technology, a financial instrument that does not belong to his generation.

If I remember correctly, during the election he made a payment in bitcoin at a bitcoin conference, but he didn't know how to do it and had to ask his assistant for help. I don't think he really knows as much about bitcoin as many people think.



This would indeed take pressure off the dollar but would also reduce demand for the dollar and undermine its dominance. Don't you see the contradiction in that? While the US is trying every way to maintain the dominance of the dollar in the world?