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Trump pleased that Bitcoin mitigates pressure on US dollar

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Trump pleased that Bitcoin mitigates pressure on US dollar

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The world’s first cryptocurrency still astonishes market participants. Bitcoin’s potential has been duly recognized by US authorities, including President Donald Trump. In a recent press conference at the White House, the American leader acknowledged the important role of Bitcoin in relieving pressure on the US dollar.

The US president affirmed that he fostered the creation of an industry that has become “strategically significant” for America. Trump believes that the recognition of cryptocurrencies in the US carries enormous geopolitical value. Besides, this initiative helps the US remain competitive in the global arena, the president summed up.

In Trump’s view, Bitcoin is increasingly integrating into the economy, as more and more people are using the first cryptocurrency for payments. Moreover, the majority of retail outlets in the US have begun accepting BTC as a means of payment for goods and services. “People are using Bitcoin more and more often. People are saying it takes a lot of pressure off the dollar. It is a great thing for our country!” the White House leader emphasized.

Previously, Trump said that he became a “fan of cryptocurrency” several years ago. However, he added that while he personally does not invest in Bitcoin, his family does invest in various crypto projects. When asked whether he is willing to halt his relatives’ cryptocurrency initiatives, the US president stated that his sons manage the portfolio and that he does not monitor their investments.

Interestingly, the president’s family launched a decentralized lending platform in 2024, World Liberty Financial (WLFI), with its own stablecoin called USD1. Later, the American leader introduced the TRUMP OFFICIAL token, and shortly thereafter, a coin called MELANIA showed up, dedicated to the First Lady of the US.

Recently, the president’s son Eric Trump suggested that Bitcoin could rise to $170,000 by 2026. He pointed out that Michael Saylor, ex-CEO of MicroStrategy, played a key role in the Trump family’s growing interest in crypto assets. MicroStrategy regularly purchases Bitcoin for long-term holding and capital growth.

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