đşđ¸ #TRUMP Praises Crypto for Easing Dollar Burden â Ironically, That Could Hurt $BTC đľ
At Miamiâs America Business Forum, U.S. President Donald Trump hailed crypto as a ârelief valveâ for the dollar, claiming it âtakes a lot of pressure offâ the currency. He said the U.S. will be the âcrypto capital of the worldâ and credited his orders for ending Washingtonâs âwar on crypto.â
Yet, analysts warn of a paradox: Bitcoin often falls when the dollar rises. Data shows a strong inverse link between Bitcoin and the U.S. Dollar Index â roughly â0.7 correlation. During the Fedâs 2022 rate hikes, the dollar soared while Bitcoin plunged from $47K to $17K.
Crypto tends to thrive when liquidity is loose and fiat weakens â not when the dollar dominates. Experts call Trumpâs praise economically ironic: easing dollar pressure could make Bitcoin less attractive.
Meanwhile, Washingtonâs interest in crypto deepens. Senator Cynthia Lummis backed a Strategic Bitcoin Reserve, saying it could help offset Americaâs $35T debt. The plan may start with 130,000 BTC already seized, worth $34B.
Eric Trump echoed support through his USD1 stablecoin, claiming it could draw âtrillionsâ into U.S. markets. Critics, however, point to conflicts of interest, as current laws donât block presidential families from crypto profits.
Recent data shows the tension in real time: stronger U.S. jobs and GDP numbers lifted the dollar to a 5-month high, while Bitcoin slipped below $111K. Traders noted a âbuy the dip, sell the ripâ sentiment as markets stay wary of Fed delays in rate cuts.
With crypto positioned as both ally and rival to the dollar, Trumpâs comments highlight a new phase of financial strategy â one that may redefine how global power and digital money coexist.
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