United States President Donald Trump recently has been —tout the positive effect of Bitcoin (Btc) In the US economy, including “pressure” from the US dollar at Friday’s White House conference.
The President Says That he is a fan of the crypto industry, who has grown in a sector that cannot be ignored due to geostrategic competition. Trump added:
“It’s been a surprise -amazing. I mean, it’s the jobs it does, and I’ve noticed more and more you pay in bitcoin. People say that needs a lot of pressure on the dollar, and it’s a good thing for our country.”
Digital Asset Researcher Anders X suggested Trump’s comments are a Reference to Triffin Dilemmaor the conflict of interest between being a global money -giving reserves, maintaining a proper trade balance, and ensuring the long -term amount of money.
As a global currency reserve, the US must run ongoing trade shortages to address global demand for the dollar so that foreign countries can organize trade and use the dollar as a store of value against the faster elimination of Fiat’s local currencies.
It provides a short -term solution to meet global liquidity requests at the expense of long -term money, as the ongoing trade shortage is funded by creating money, indicating the value of the US dollar.
Trump had previously floated with the idea of Payment of national debt with BitcoinA nod to the asymmetry between the inflationary dollar and the supply-capped asset.
However, critics are Says That even though the US treasury owned is the entire BTC supply, it is still not enough to cover $ 37 trillion and growing US government Debtwhich will only continue to grow, the dollar cost will eventually collapse.
Related: Trump sidesteps question in crypto divesting to pass key bills
“Nothing stops this train,” lack and total debt to climb, says analysts
Bitcoin’s macroeconomist and advocate Lyn Alden combined the phrase “nothing to stop this train” – a Reference It is intense that global governments will not stop printing money and destroying the future value of their national currency.
https://www.youtube.com/watch?v=ktgu8x6Pilw
Dollar Currency Index (DXY), a scale that tracks the strength of the US dollar against a basket of major fiat currencies, press it Lowest levels in three years on Thursday.
The collapse of the dollar’s strength came amid the raised harvest of the US government bond, a signal of the investor’s worsening confidence in the US government’s credentials and the maintenance of its debt.
Magazine: Tradfi fans ignored Lyn Alden’s BTC tip – now he said it will hit 7 figures: x Hall of Flame
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
