Trump declares that Bitcoin is falling the pressure on the US dollar amid financial tensions.

President Donald Trump praised Bitcoin for its positive contributions to the U.S. economy, stating that this cryptocurrency is alleviating pressure on the dollar. At a press conference at the White House on Friday, Trump made bold statements about the role of Bitcoin in the global economy and the financial resilience of the U.S. Trump considers Bitcoin as an economic relief valve. Trump expressed a strong stance in support of the cryptocurrency industry, noting its rapid growth and increasing importance in global economic competition. "That's wonderful," he said. "What I mean is, those are the jobs it creates, and I notice you are increasingly paying more with Bitcoin. People say it significantly reduces pressure on the dollar, and that's great for our country." His comments reflect a larger shift in political views surrounding digital assets, with a growing recognition of the strategic and economic importance of cryptocurrencies. Digital asset researcher Anders X explained Trump's statement as an indirect reference to the Triffin Dilemma — the conflict that countries issuing global reserve currencies face. Countries like these must endure continuous trade deficits to meet global demand, undermining long-term monetary stability. Structural deficits and risks to the value of the dollar As the issuing country of the world's reserve currency, the United States continues to face pressure to maintain global liquidity. This often leads to a persistent trade imbalance, funded by an expansion of the money supply. Although this temporarily supports the global market, it ultimately weakens the value of the dollar due to the need to print more money to offset the fiscal deficit. This process reduces the purchasing power of each dollar. Data from TradingView shows that the M2 money supply - a key measure of the amount of US dollars in circulation - has been steadily increasing, raising concerns about inflation. Trump previously proposed the idea of paying off the national debt with Bitcoin, although critics argue that this is unrealistic. Even if the U.S. government owned the entire circulating supply of Bitcoin, it would still be difficult to address the national debt of 37 trillion dollars. Concerns about debt continue to rise Macroeconomic analyst and Bitcoin advocate Lyn Alden coined the phrase "nothing can stop this train" to describe the relentless rise of public debt across global economies. Her perspective emphasizes the growing consensus that governments will continue to print money indefinitely, eroding the value of currency over time. Evidence of the weakening trust in the dollar can also be clearly seen in the financial markets. The dollar currency index (DXY), which tracks the value of the dollar against other major currencies, has recently hit a three-year low. This decline, combined with rising bond yields, indicates that investors are becoming increasingly skeptical about the sustainability of the U.S. financial system. Cryptocurrency is gaining political and economic significance. Trump's strong support for Bitcoin signals an increasing convergence between cryptocurrency and mainstream economic policy. While the idea of addressing public debt with Bitcoin remains controversial, his statement underscores Bitcoin's growing prominence in the global financial discourse. With the increasing deficit, the continued printing of money and the weakening trust in the fiat monetary system, digital assets like Bitcoin may increasingly be seen as a hedge against traditional financial risks. As Trump said, Bitcoin could be "a great thing for our country."