Trump shares shocking strategy to take pressure off dollar

[Bastketsrus]

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.

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.

[Kavelj22]

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.

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.

[Kagaru]

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.

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.

[GigaBit]

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.

[Kavelj22]

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.

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.

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?

[_BlackStar]

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.

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.

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.

[Oluwa-btc]

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.

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.

[sharos]

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.

[luffas]

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.

[Digifann1]

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.

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.

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

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.

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

[Bastketsrus]

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.

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

[Bastketsrus]

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.

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.

[CharmingActor]

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.

[Woodie]

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.

[xzone]

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

[hero_the_bossman]

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.

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

[tread93]

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?

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.