United States President Donald Trump recently postponed the positive impacts of bitcoin (BTC) on the US economy, including “pressure” from the US dollar during Friday’s White House press conference.
chairman Said He is a fan of the Crypto industry, developed in an area that cannot be ignored due to geostragatic competition. Trump said:
“It has become amazing. I mean, these are jobs that produce it, and I notice more and more that you pay in bitcoin. People are saying that it takes much pressure from the dollar, and it’s a great thing for our country.”
Digital asset researcher Anders X suggested Trump’s comments were references to the conflict of interests between the comments of Tripin dilemma, or being the issuer of global reserved currency, maintaining proper trade balance and ensuring long -term value of currency.
As a global reserve currency issuer, the US must continuously run trade deficit to meet the dollar global demand so that foreign countries can dispose of trade and use dollars as a price reserves against local Fiat currencies more rapid depreciation.
This offers a short -term solution to meet the demands of global liquidity at the cost of the long -term value of the currency, as the continuous trade deficit is financed through funds creation, which dilutes the US dollar.
Trump first conceived the idea of paying national debt with bitcoin, a node for inequality between inflation dollar and supply-captive property.
However, critics have Said Even if the American Treasury owned the entire BTC supply, it would not be enough to cover the $ 37 trillion and increase the US government. loanWhich will only grow, eventually the dollar value will collapse.
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Analysts say, “Nothing stops this train.”
Macroeconomist and bitcoin advocate Lin Alden “Nothing Stopping This Train” Reference For extreme possibility that global governments will never stop printing money and destroy the future value of their national currencies.
https://www.youtube.com/watch?v=ktgu8x6Pilw
The dollar currency index (DXY), a metric that tracks the US dollar power against a basket of major fiat currencies, hit its lowest level in three years on Thursday.
The decline in the dollar strength comes amidst the yield of the US government’s bond yield, in the credibility of the US government, the confidence of the investors deteriorates and its debt stability.
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