The official OKX app features seamless multilingual interface switching, providing global users with barrier-free trading experience. Our innovative social copy trading system connects you with professional strategies, while open API supports customized q
Download for Android Download for IOS
During a recent White House briefing, former President Donald Trump made notable comments about Bitcoin's potential to alleviate pressure on the US dollar. Speaking to reporters this Wednesday, Trump acknowledged the growing significance of cryptocurrencies, stating they've developed into an economic force that demands attention in global financial competition.
Digital currency analyst Anders X suggested Trump's remarks indirectly referenced the Triffin Dilemma—the inherent conflict when a national currency serves as global reserve. The US faces this challenge by maintaining trade deficits to supply dollars worldwide while risking currency devaluation through money creation. Bitcoin's fixed supply presents an intriguing contrast to this system.
——"People increasingly use Bitcoin for payments," Trump observed. "This development reduces strain on the dollar, benefiting our national economy."——
The President previously floated the unconventional idea of using Bitcoin to address the nation's 【$37 trillion】 debt burden. While mathematically unfeasible—the entire Bitcoin market cap couldn't cover this sum—the proposal highlights growing concerns about dollar depreciation. Federal Reserve data shows M2 money supply continues expanding, diminishing each dollar's purchasing power.
As the dollar index (DXY) recently hit three-year lows, Bitcoin advocates like macroeconomist Lyn Alden maintain that fiat currency devaluation appears inevitable. "This trend shows no signs of stopping," Alden remarked, referencing governments' persistent money-printing practices. Meanwhile, rising Treasury yields signal eroding confidence in US debt sustainability.
Trump's comments mark a significant shift in political engagement with digital assets. While practical limitations exist for Bitcoin replacing dollar functions, the acknowledgment from a former president underscores cryptocurrency's growing mainstream relevance. This development occurs as global markets seek alternatives to traditional financial systems facing inflationary pressures.