Bitcoin Forum

I have not heard about this before, what I heard before was that bitcoin may compete with dollar, which will not make the United States government to accept it but Trump is going on a different approach, saying bitcoin adoption will ease the pressure on the dollar instead.

You can read about it yourself: https://www.thestreet.com/crypto/markets/trump-shares-shocking-strategy-to-take-pressure-off-dollar

What do you think about this?

It is interesting how perspectives on Bitcoin are changing. Traditionally many thought Bitcoin would compete with and potentially weaken US dollar worrying that if people used Bitcoin more dollar global standing would suffer. However recent comments from Trump suggest different idea that more Bitcoin use could actually ease pressure on dollar. Maybe this happen if Bitcoin acts as another option for investing taking some of demand off dollar or if accepting crypto helps US lead in new technology boosting its economy. This new way of thinking shows how our understanding of cryptocurrencies in world economy is still evolving.

I hope that Trump is saying this not because he wants the citizens to love him and because he has his own coin but because it's the fact that increase in bitcoin adoption will ease the pressure on dollar which is the world reserve currency.

However, from the article in the OP, it shows that Trump is diving into crypto with all seriousness, not because he has a strong love for it but because he doesn't want China to overtake the US in cryptocurrency. This is why he is creating a crypto reserve strategy in the US. However, only bitcoin is qualified for this purpose.

What Trump said is true, but when you look at his role as President which is an obligation to try to strengthen his country's currency, right? but he went a little bit off track which of course makes us wonder if this is just his way of trying to get the community's attention or if the US is really trying to take a new approach to placing Bitcoin.

I will still wait for policies that can continue to strengthen Bitcoin's position in the US.

Bitcoin is Bitcoin, and the US. dollar is the US. dollar, they are different currencies and Bitcoin can not reduce pressure on the US. dollar or can not increasing the purchasing power of US. dollar. Bitcoin is Bitcoin, itself, and only it is not responsible to fix the central bank system in the USA or the US. dollar.

The US. government, FED, the central bank are responsible for their monetary policy and inflation of the US. dollar and they must rectify these issues by themselves. Bitcoin can not help them to fix those problems, never, no matter what said by Trump, Bitcoin won't be able to do it for him.

See how the purchasing power of US. dollar declines considerbaly with time, but not because of Bitcoin appearance since 2009 and it is mainly because of money printing over time. (https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/)

The above quote is from the article and I am already drawing my conclusion based on that. He doesn't sound certain. It sounds like he's speculating and saying what the media wants to hear. And even though it's not my business but I don't think it is going to happen for now.

Are politicians' views on Bitcoin changing or are Trump just saying what the media wants to hear?

Honestly I don't understand how that works, can you or someone explain it to me? How will Bitcoin reduce the pressure on the USD when its dominance is gradually declining due to de-dollarization programs, and the US is trying to find ways to prevent this from happening as slowly as possible? Will bitcoin adoption slow or stop dedollarization or will it accelerate it?


I think bitcoin will only help take pressure off the USD and benefit the US unless they control it but as we all know, that will never happen.

This statement is familiar that they are going to ease the pressure on the dollar bill, who pressure the dollar bill in the first place? this question we need to ask. using bitcoin to get the so called desire to scam the world or the people is the biggest threat of all time.

The US dollar is not in any pressure, they took the world golf to themselves in return handing the printed dollar to small countries that has no strong economy and now they are pressured to do what ? are they going to put bitcoin in the position for countries to acquire and hold it then get there resources again?

Historical patterns repeat through trump but we are blinded by the love we have for bitcoin not the bitcoin itself but our profit the return of our investment.

What trump is saying today may be something else tomorrow, i dont trust him completely. I still think he is good for bitcoin because he is doing it differently and accepting it. He has understood that normally the value can only go up. The picture hd49728 posted is a sign of what inflation does to the value of the dollar. I think Bitcoin is more in the media with trump, but it has gone up in the past without him and it will continue to do so in the future.

Honestly, I don't know if he knows anything about China that we don't, but I see him constantly talking about China whenever he mentions bitcoin and crypto. But as we all know, China still strictly bans cryptocurrencies, they don't even care about it, let alone compete with the US in this field.

He is seriously getting into crypto but is he doing it for the future of the US or for his own personal gain from it? Because as far as I know, he and his family are making hundreds of millions of dollars from crypto.

If he values ​​bitcoin so much, why did he and his wife create 2 meme coins, why does his family company focus on investing in altcoins and not bitcoin?

People need to realize that the bitcoin cannot increase the value of the country’s currency or neither increases its purchasing power, bitcoin can rather give its users extra advantage instead of using the country’s currency, the dollar in this case can only grow in strength and value base on the economic power of the country which will make it currency attractive, I don’t get what trump meant by it will reduce pressure on dollar but what I know is many will prefer to hold it than hoard dollar and also will prefer using bitcoin for payments most especially cross border transactions than going through the hassle of using the local currency


I personally do not take his words too seriously because the turn of events since his inception as the president of the country doesn’t matches with his self claimed likeness for crypto currency. The $Trump coin helped shill had no business been created in the first place because it lacked any use case

Yes, change they say is constant, the thought about Bitcoin as alternative currency to Fiat is beginning to strive hard among top profile persons in the society even President Donald Trump is now seeing Bitcoin in another dimension greater than his thought on implementing the bitcion strategic reserve ideas. I think that we are progressing on the crypto economy in recent times and more understanding will certainly come among those that were very critical about Bitcoin in the past.

The truth is that while Trump's comments may sound interesting or sweet, the reality is much more complex. Bitcoin is not yet in a stable position to replace the much more complex dollar because Bitcoin ownership is only 6% worldwide. The example of El Salvador proves that even though they legalized Bitcoin, they have not been able to bring stability to their economy so far. Do central banks want stability for monetary policy and financial stability or will they choose a volatile currency like Bitcoin?

Let's see what happens in the future, but Bitcoin has not yet reached the point where it can be an alternative to the global reserve currency.

Even though am not a big fan of trump I think that for a long while since he became the president he has said something reasonable because the Americans economy especially the dollar has been on alot of pressure due to the economic situation in the world so Americans using Bitcoin as an alternative payment methods will help the dollar to even appreciate more because there will be less pressure on the dollar

In my opinion, Donald Trump realizes that the modern financial system will be transformed very thoroughly in the near future. Many countries are currently implementing central bank digital currencies. And this is a very big challenge for the American dollar. Officially, the American authorities have abandoned the idea of ​​​​creating their own digital dollar. However, they are actively promoting centralized American stablecoins. At the same time, laws have already been adopted according to which only dollars, dollar deposits and American treasury government bonds can be used as collateral for these stablecoins. Thus, the promotion of stablecoins will help strengthen the role of the US dollar. And what is the role of Bitcoin in this system? Bitcoin must accumulate consumer inflation, that is, not allow inflation to penetrate consumer markets and lead to an increase in the cost of American goods, works and services. This is a very important function, and this is why, in my opinion, Donald Trump now supports the first cryptocurrency.

It's funny that they cite the stance of Elizabeth Warren in the end, who's a literal bitcoin hater spewing lies about the industry, for instance repeating the narrative that it's bad for environment, or used to commit crimes, when in fact over 50% of bitcoin mining is done on renewable sources and there's smaller % of bad actors in bitcoin than USD simply because it's transparent and people know it.

As for Trump and his idea, I feel like the USD will head towards collapse anyway. With or without bitcoin, they can't stop it because they're printing money the whole time.

In terms of the alternative feature of Bitcoin, Trump is right, because as a business man, Trump's understanding about alternative financial tools is wide enough to spot the advantages that comes with Bitcoin adoption d how it will redirect some pressure from the United States dollars to Bitcoin.


Take example in the term of carrying out business and deal one can decide to use Bitcoin to settle for business and other deals that require payments without any third party delays.

If you include stable coins, perhaps.  Since they are (often) backed by the US dollar it ties up a substantial amount of dollars which takes pressure off it a bit. Otherwise I am not sure how, but BTC certainly has outperformed fiat for the last ~16.5 years. Let alone thinking how badly fiat has for 112 years.

He is not only a businessman but also a billionaire, so he has a deep understanding of financial instruments but that does not mean he knows everything. Especially with bitcoin, a technology, a financial instrument that does not belong to his generation.

If I remember correctly, during the election he made a payment in bitcoin at a bitcoin conference, but he didn't know how to do it and had to ask his assistant for help. I don't think he really knows as much about bitcoin as many people think.



This would indeed take pressure off the dollar but would also reduce demand for the dollar and undermine its dominance. Don't you see the contradiction in that? While the US is trying every way to maintain the dominance of the dollar in the world?

I suppose its the fact that when M2 chart rises, bitcoin's price also rises absorbing the money printed.

But honestly the main thing that would add massive demand toward dollar and could keep up with the money printing is stablecoin. USD has never been this accessible that even the people who never touched foreign currency are using dollar through stablecoin.

I supposes that's what he meant.

Central Bank Digital Currencies (CBDC) does not bring anything good to citizens but skelly beneficial towards governments by providing better and more powerful tools for them to trace, record and govern monetary flows of their citizens better and more easily.

CBDCs don't resolve classic issue of fiat currency and governmental monetary systems: inflation and even hyped inflation in some countries. With CBDCs, governments even can create new money supplies faster and more easily by minting function. Therefore, this tool potentially makes inflation issue worse, not better.

Is this one of the reasons why the market now gets green? I hope Trump will not change his mind after saying that. But with more adoption happen in many countries can push Bitcoin to reach all of them. The demand of having Bitcoin will increase while the supply is not too big than the demand and that may make the price increase.

Trump just doesn't want to be later than other countries that already invested in Bitcoin. If he is serious with his saying, we will see a new regulation coming from him that may support crypto more. If that happens, the way to increase higher may happen this year or next year.

CBDC is just a digital version of fiat money. They created it just to suit the digital age, to save costs, and to make it easier for them to control and manage people, as you said. No government or central bank has ever claimed that the creation of a CBDC is to overcome inflation or devalue fiat currencies. Because if they wanted to control the devaluation of currency, they could stop printing money but they didn't.

But we should not put all the blame on them because running and maintaining the economy is not an easy task. Because inflation, crisis, recession...are not only caused by printing money. Don't forget that the world economy also experienced inflation and crisis during the gold standard period. So, even using a finite supply currency like bitcoin doesn't solve the problem of inflation.

Do people really still care what Trump says? LOL

In any case, this makes no sense at all. First of all bitcoin is not created to compete with anything, least of which the USD. It is still too small and too volatile to do even 1% of what they are suggesting.

Additionally the pressure on the dollar has nothing to do with bitcoin. Never has and never will. The pressure comes from the fact that for decades they printed so much of it without any restrictions and scammed the world with the fiat they printed out of thin air. At this point they are printing a trillion dollar every month or two! hence the ridiculous national debt and the government budget deficit that keeps on growing.
The pressure is because the world is now seeing the Ponzi Scheme that US regime has been running for years and are trying to exit that scam in what is globally known as de-dollarization...

Knowing Trump, he loves to create hype. This might just be a move to attract positive attention from the crypto community.At the same time, judging by his active promotion, he genuinely seems to have a favorable view of cryptocurrencies and sees potential in them. Most likely, these bold statements will lead to a more moderate decision in the end. Still, he’s steadily opening the window of opportunity. Just a couple of years ago, no one even mentioned integrating bitcoin into the economy of countries like USA, and today it already seems quite realistic.

I think positioning Bitcoin as a parallel asset rather than a direct competitor might help preserve the dollar's dominance while still allowing the US to benefit from crypto innovation. Let’s use Bitcoin as a release valve rather than fighting it. I’m curious how much of this is genuine policy vision versus political strategy aimed at winning over the crypto crowd.

You really know him well,  same here, that’s exactly what I was thinking. We shouldn’t get too hyped about this news that Bitcoin might be accepted in the US and reclassified from property to currency. Sure, it would be a good development if it actually happens, but let’s be honest .. Trump has made a lot of promises in the past that never came true. So for now, I’m easing off the hype and just watching how it plays out.

What pressures is the USD under from the economy? On the contrary, it is the USD that is putting pressure on the world economy when the US forces the world to use USD in trade transactions, causing the world to be restrained and controlled by them.
The only pressure the USD faces is depreciation over time and the reason is because the US is printing it indiscriminately. In my opinion, as long as they continue to print it arbitrarily, there is no way to help, and Bitcoin cannot help them either.

I won't take what Trump says to mean much because half the time, he doesn't understand the economics behind what he's proposing. It's evident when he said tariffs are a way to hurt other countries, and it's the foreign companies that pay the tariffs and not the consumers.

If more people pay with BTC and not USD, it won't take pressure off the dollar; it will reduce the demand for the dollar and thereby reduce its value. I don't know what his idea of "taking pressure off the dollar" means, but if you take that pressure off, it loses its value. There is no way more people abandoning the dollar will be favourable for the dollar.

Fiat is mostly digital already, don't let them trick you into believing their stupid arguments! 98 to 99% of the money does not exist, it is just numbers in a computer.

It is not really that hard. The harder part is for them to not rob the taxpayers blind. The frequency of mismanagement of countries and economies is primarily related to the motivation of the people that go into politics. They do it to enrich themselves, to lie and steal. If they wanted to do things better, you would see things becoming better. We had better times in the past.

Maybe. He might also have something in it for him and his family every time the market turns green. The country could also be benefitting as he said. Since he already said this, might as well back it up with some actions. If he says this, he needs to really support bitcoin properly and let the industry grow. Though other politicians may not enjoy him appearing as if he is prioritizing bitcoin more over the us dollar.

About loving Trump, a lot of USA citizens already love him and his policies he has been making regarding crypto. Although no one can be loved by all, and Trump case can't be different.

China as we know has been an arc rival of the US with both countries ever in ongoing economic tussles in different areas. Trump understands what a massive industry the crypto market has become presently and he knows that any country's government that greatly influences the crypto industry does have huge influence too on the global economy as well. Hence, his eagerness to see the US becoming a vanguard in the crypto industry against the likes of China.

What "pressure" is it taking off from dollar exactly? I can't really deduct that from anything Trump says as that's always nonsensical babble.

Only pressure for USD would be when people are using USD, and i don't believe for a moment that he is familiar how ACH, RTGS or wire transfers work or that those even exist, so he is not talking about them. Nor i am aware that those systems would be under heavy pressure.

Also let's not pretend he understands anything about crypto. He isn't even saying he would. When he is even vaguely familiar with something, he is always bragging of knowing more then anyone about it. Imho at some point he could want regulations that require cryptos to be more centralized in order to work more for USA and him. Would bitcoiners cheer about that, because it's somehow "adoption" of it?

Like Trump or dislike him, the fact is he has four years in his Presidency, nothing more. If he has power to do something, he only has it for four years in this presidency that already lasted for 6 months. It means Trump has only 3 and a half years as a President of the USA, like Elon Musk posted weeks ago.

Whatever Trump wants to do with many things and with Bitcoin, he has limited time and next Presidents can revoke Trump's policies in future years.

The clear fact is Bitcoin won't be killed by any President of the USA, not only Trump can not kill Bitcoin. If they want to contribute to Bitcoin growth, make the USA. as a Bitcoin friendly nation, it's good. In both scenarios, Bitcoin will continue growing and expanding its adoption with time.

Bitcoin does not care about Trump, other past Presidents and future Presidents, it is Bitcoin and its adoption growth is orgranically because it was built up with a great technology and amazing source code by Satoshi Nakamoto. Years later, it has become stronger in network scale and adoption scale.

The rise in the price of bitcoin comes not only from supply and demand but also from the devaluation of the currency (USD). So more people using BTC will not reduce pressure on USD but will even weaken it, and it only takes a little basic knowledge to understand this, but it is confusing how easily some people believe what Trump says and blindly support this statement.

Trump has been in office for over 5 months and during that time he has continuously made strong statements in favor of bitcoin and cryptocurrencies. But so far, what I see is him repeating those things without any concrete action that is credible. It's like he just says what people want to hear, not what he's going to do.

In theory you are correct but not so much in practice. If the economy around Bitcoin in the USA becomes so large, then future presidents can not nuke Bitcoin. They can revoke some policies sure, but they can't go completely against Bitcoin. Economic suicide would not go well with the voters.

I don't know why people are not critical about things. Any right-thinking person will know that what he's saying is not true, but they just don't even think about at he's saying. During his campaign, a man said he will increase tariffs of countries that are exposrting goods to America and people coundt even question him about what he sais. they just ran with it and acted like it was a good thing. I honestly do not understand how it works.

He says a lot of thuigs that make no sense, but somehow, people always act like he' right. The state about bitcoin taking pressure off bitcoin is not the first and it will certainly not be the last.

This is one reason I Kow bitcoin will never be an accepted currency by government of different countries. The fewer people demand the local currency, the less value it gets, so except the country has a very bad currency, bitcoin is only going to be a speculative asset and not a currency in a lot of countries.

These kind of news are giving power to the conspiracy theorists. You know there are people who have been saying that btc was creates by NSA to erase the US debt. What Trump has been doing is only proving them right and I don’t like this. I want to believe that btc was created by a couple of anti-gov cyberpunks. That’s why I liked btc in the first place. If the NSA story becomes true than many people might lose their interest in btc.

Or maybe, this is exactly the outcome Trump is after. Maybe this is Trump’s plan to destroy btc. I don’t really believe this one since he seems to like crypto genuinely but who knows? Everything is possible in this crazy world.

He told his supporters that increasing tariffs will create more jobs in the country and the US will become great. But the people were not aware of the consequences. This is the tactics of politicians, they make vague promises and the electorate doesn't care to know the specifics. They will tell the people what they want to hear, but there is no roadmap to achieve some of these campaign promises.

Have been trying to reason how the use of Bitcoin will reduce the pressure on the dollar.  Sincerely, I couldn't identify any correlation between the use of Bitcoin and pressure on the dollar. I thought presidents would be happy that their currency is used for both local and International payments. Portraying Bitcoin as a viable alternative to the dollar is promoting de-dollarisation. Trump has proved once again that he lacks basic financial knowledge.  I also think that his speeches are always targeted at pleasing his supporters and are not backed by facts.  

Trump has no idea how crypto works. He just says random things off the top of his head. What he said about Bitcoin in this soundbite makes very little sense, but it’s enough for these content farms to write low quality articles to get some clicks.

Yeah, quoting Warren is a joke — she clearly doesn’t get Bitcoin. And with how they keep printing dollars, the collapse feels like it’s coming either way.

The difference between Bitcoin and the dollar is so vast that neither should exert any pressure on the other. The dollar is an inflationary currency and is subject to increase based on political decisions. Therefore, anything Trump might say is meaningless, especially given that the dollar is experiencing its worst crisis ever.
Bitcoin should always be considered an independent currency alongside the major currencies in the global market, not as a competitor to any of them. Bitcoin's purpose is not to replace any fiat currency, and technically, it cannot even replace them, at least not at the present time.

It is a fair way to consider this. This does not mean that Bitcoin has to take the place of the dollar to demonstrate that it is of value. Existing in form of a hedge or alternative system to the people who are looking to have greater control under their money, it is possible to exist. I believe that the concept of employing Bitcoin as a sort of safety valve to be actually keen since it provides the opportunity to the people in making a choice, without provoking a threatening manner upon the fundamental financial system. There are politicians, and on that, yeah a lot of politicians are just surfing the crypto wave so that they can stay in the picture, get votes and all that.

The perspective of the previous government and the current government are completely different. Where other US governments opposed Bitcoin, considering it a competitor to the dollar, the way Trump is now supporting Bitcoin certainly seems to be a big fan of bitcoin and treat differently. The policy that Trump has taken on Bitcoin is not unreasonable. If they allow the use of Bitcoin, then the pressure on the dollar worldwide can definitely reduce, and on the other hand, America will also be able to take a very strong position in accepting Bitcoin. Moreover, Trump wants the Bitcoin community close to him to benefit from his politics. He wants that his country will not lag behind in any way in terms of technology. Just as America is leading the world in other aspects, they want to move forward in leading Bitcoin as well.

In a study I looked at a few years ago, which I believe is still valid, I found that if we want Bitcoin to replace just the dollar, not all the money in the world, then one Bitcoin should be worth at least $100 million, not counting the dollars that will be printed in the future. This is huge, Isn't?

I haven't seen any scenario where bitcoin can help ease the pressure on the dollar. The US dollar has been losing value over time and inflation is making it worse - what can bitcoin do to help? What Trump is doing now is just proof that he is panicking about the weakening of US dominance in the world. Some countries are starting to step forward to counter his economic and geopolitical policies - it has put him under pressure.

I agree with this quote and I think it explains everything perfectly.

LOL, something of such signaled in my mind,but then,I also don't want to believe the fact that Trump's always has something to compromise on or achieve just by using Bitcoin as his primary tool or component.In that case, he's sort of implying Bitcoin as a Economic booster to Dollar.

FMO, I don’t like Trump or Elon in crypto. They’re just annoying to me because they do things that affect genuine crypto traders. They’re both like memes, and most traders end up losing money by following them. Just look at the TRUMP token, it was a huge rug. I know they’re VIPs and that even their words carry weight and can impact the crypto market significantly. But that’s just my opinion.

Honestly, I wouldn’t read too much into what Trump says. One day he’s all in on Bitcoin, the next he’s hyping up the dollar again. Let’s be real, politicians say whatever they think will get them attention or win votes.

Bitcoin wasn’t created to “ease pressure” on the dollar anyway. It was built to exist outside government control, not to help governments fix their broken monetary systems.

And even if Trump does return to office, how much real support will crypto actually get? Probably not a lot. The SEC and the old financial system still hold the power. This just feels like more campaign noise aimed at grabbing headlines and winning over crypto supporters.

They are all just corrupt dinosaurs that say or write what aligns with their money sponsor, they don't care about anything else.

I agree, while some things looked beneficial they then started doing more damage than good to crypto. It is best to ignore them both.

Funny how the view on Bitcoin is shifting—once seen as a threat, now possibly a strength. Shows how quickly things can change.

Interesting shift, for sure. Trump’s stance feels more strategic—less fear, more focus on staying ahead in tech. It’s a big change from the past approach.

NFTs are everywhere now. It’s wild how people pay big money for digital art. I’m still watching from the sidelines but it’s interesting to see how this space evolves.

Lets first accept one thing here, Trump remains to be the business man we all know him for and unfortunately when he mentions Bitcoin,  trust me his interest isn’t entirely on BTC, it could be him protecting his interests such as the Trump coin and other unknown coins he hasn't declared!!

So this whole issue of him trying to take pressure off the Dollar by hyping Bitcoin is all BS!!!!

Anyway the world is watching how he goes about with this strategy.

Trump is one of the world's biggest businessmen; of course, he wouldn't support anything that wouldn't make money or benefit him. We can relate everything Trump does to money. He'll continue to make huge investments as long as he supports bitcoin.
But one day, he'll start speaking badly about the coin, and his views will change. It's not hard to predict this; all we need to do is adapt to what's trending and try to make money :)

He already mentioned some coins to be in the reserve or something like it: so yeah, I agree.

We just see how the wild card turns the tables to the left and right, and adjust to it :D

Elizabeth Warren is such a little bitch lol. At the very end of the article they have to go after Trump yet again for having ties into crypto and he just blatently says "I don't even care about investing" lmfao. This guy is a fuckin comedian, I am laughing my head off at his responses to his involment and conflicts of interest. I don't care what anyone says, the man is a genius and exeptionally well at his craft.