Bitcoin takes pressure off the US dollar — US President Trump
Trump praised Bitcoin and cryptocurrencies in a Friday press conference and said Bitcoin may help relieve pressure on the US dollar.
United States President Donald Trump recently touted the positive impacts of Bitcoin (BTC) on the US economy, including relieving “pressure” from the US dollar during Friday’s White House press conference.
The President said that he is a fan of the crypto industry, which has grown into a sector that cannot be ignored due to geostrategic competition. Trump added:
Digital asset researcher Anders X suggested that Trump’s comments were a reference to the Triffin Dilemma, or the conflict of interest between being the issuer of the global reserve currency, maintaining proper trade balances, and ensuring the long-term value of the currency.