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Bitcoin takes pressure off the US dollar — US President Trump#BinanceAlphaAlert
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#BTC110KToday? #BinanceAlphaAlert
$108,009
on the US economy, including relieving "pressure" from the US dollar during Friday's White House press conference.#TexasBTCReserveBill
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:
"It has become amazing. I mean, it is the jobs that it produces, and I notice more and more you pay in Bitcoin. People are saying it takes a lot of pressure off the dollar, and it is a great thing for our country."#BTC110KToday?
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.
