Bitcoin is praised for relieving pressure from USD by President Trump

From CoinTelegraph
June 28, 2025 6:09 pm:

United States President Donald Trump praises Bitcoin for relieving pressure from the US dollar during a White House press conference. Trump acknowledges the growth of the crypto industry and its impact on the economy. Digital asset researcher Anders X discusses the Triffin Dilemma and the conflict between global reserve currency issuance and currency value.

As the issuer of the global reserve currency, the US must run persistent trade deficits to meet the demand for dollars, diluting the long-term value of the currency. The Federal Reserve’s M2 money supply continues to grow, diminishing the value of each individual dollar. Trump previously suggested using Bitcoin to pay off the national debt.

Macroeconomist Lyn Alden warns of the ongoing money printing by global governments, leading to the destruction of national currencies. The US dollar index hits a three-year low, signaling weakening investor confidence in the US government’s creditworthiness. Declining dollar strength coincides with elevated US government bond yields.

Analysts predict deficits and total debt to continue rising, affecting the value of the dollar. Lyn Alden believes that global governments will not stop printing money, leading to the devaluation of national currencies. The dollar index hits a three-year low, reflecting deteriorating investor confidence in US government debt.

Read more at Cointelegraph: Bitcoin removes pressure from USD