{"id":13558,"date":"2025-06-29T17:51:19","date_gmt":"2025-06-29T15:51:19","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13558"},"modified":"2025-06-29T17:51:19","modified_gmt":"2025-06-29T15:51:19","slug":"bitcoin-alleviates-strain-on-the-dollar-claims-donald-trump","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/29\/bitcoin-alleviates-strain-on-the-dollar-claims-donald-trump\/","title":{"rendered":"Bitcoin Alleviates Strain on the Dollar, Claims Donald Trump"},"content":{"rendered":"

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Today, Former President<\/a> Donald Trump has expressed enthusiastic backing for Bitcoin and the wider crypto sector, labeling it an essential American asset that the US should persist in leading.<\/p>\n

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JUST IN: \ud83c\uddfa\ud83c\uddf8 President Donald Trump stated that Bitcoin “relieves a lot of strain from the dollar and it’s a fantastic thing for our nation.” pic.twitter.com\/vjbGGhrHm9<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) June 27, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

\u201cThus, I turned into an admirer of crypto, and for me, it\u2019s a sector,\u201d Trump noted. \u201cI consider it an industry and I\u2019m president and if we didn\u2019t have it, China would or another nation would, but most probably China.\u201d<\/p>\n

Trump highlighted the economic robustness and strategic significance of Bitcoin<\/a>, underscoring its strength in recent market declines.\u00a0<\/p>\n

\u201cIn fact, during the recent stock market fall, crypto and Bitcoin collectively dropped significantly less than others,\u201d he remarked. \u201cAnd we\u2019ve established a very formidable industry and that is far more crucial than any investments we make.\u201d<\/p>\n

The former president discussed his personal connection with Bitcoin prior to initiating his 2024 presidential bid. \u201cI got engaged with it a few years back and before this, before the second term, I got involved, prior to my decision to run\u2026 I was into Bitcoin then, not knowing if I would pursue it a third time,\u201d he stressed, referring to his choice to run again.<\/p>\n

Trump also indicated that Bitcoin is becoming increasingly mainstream. \u201cIt\u2019s the jobs it generates and I\u2019ve observed more and more usage of Bitcoin. I mean, people are mentioning it alleviates substantial pressure from the dollar. And it\u2019s a remarkable benefit for our nation, so my focus isn\u2019t on investing, you know.\u201d<\/p>\n

He concluded by asserting that under his guidance, the US has cultivated an essential industry in Bitcoin and crypto. \u201cI have children and they invest in various areas. They have faith in it, but I\u2019m president and what I accomplished was foster an industry that\u2019s very significant and, you know, if we didn\u2019t have it, China would,\u201d Trump stated.<\/p>\n<\/div>\n<\/div>\n