In a White House press conference on June 27, 2025, President Donald Trump said that bitcoin “takes a lot of pressure off the US dollar,” claiming it is good for the United States economy.
The president made the statement, following discussions on digital currency legislation and his family’s digital asset ties, revealing his growing support for digital assets.
TRUMP: "I notice more and more you pay in Bitcoin."
— Bitcoin News (@BitcoinNewsCom) June 27, 2025
"It takes a lot pressure off the dollar."
"It's a great thing for our country." pic.twitter.com/kcsJpZOcvd
Inside Trump’s Push for Bitcoin-Friendly Policies
At a June 27 press conference, President Trump, in response to questions about his family’s digital currency investment and Democratic policies on digital asset regulation, praised bitcoin’s economic influence.
“I notice more and more you pay in bitcoin. People are saying it takes a lot of pressure off the dollar, and it is a great thing for our country,” he said.
The president emphasized bitcoin’s resilience, saying it outperformed equities during recent market declines. The remarks came after a Supreme Court victory for his administration, providing support to promote digital currency.
Trump’s pro-crypto stance is in line with his policy actions, including a March 6, 2025, executive order to establish a Strategic Bitcoin Reserve, as stated in White House reports. His recent statement is also in line with his agenda to drive innovation and job creation through digital currency.
Bitcoin as a Dollar Lifeline? The Economic Debate
Trump’s claim that bitcoin relieves pressure on the dollar comes at a time of increased economic challenges. The US national debt stands at approximately $37 trillion, as confirmed by USDebtClock, with projected growth to $40 trillion over the next decade.
The Federal Reserve’s M2 money supply has been increasing, with year-over-year gains since November 2023, contributing to dollar dilution. The dollar currency index (DXY) also reached a three-year low on June 26, 2025, following high bond yields, revealing investor confidence weakening.
Trump’s remarks reference the Triffin Dilemma, where the United States runs trade deficits to meet global dollar demand, financed through money printing.
The president has speculated that bitcoin has the ability to diversify reserve assets, reducing dollar reliance. However, bitcoin’s market capitalization, at $2.15 trillion, is insufficient to offset the $37 trillion debt, showing the claim’s complexity.
Although economist Peter Schiff argues that promoting bitcoin could destabilize the dollar at the cost of risking a collapse.
The Risks and Rewards of Trump’s Bitcoin Push
Trump’s endorsement has raised controversy about bitcoin’s role in the united States economy. While bitcoin prices are volatile, it reached $111,970 on May 22, 2025, according to CoinMarketCap, though it experienced volatility earlier in the year, dropping below $78,000 in April 2025.
Economists’ views are divided: while some see bitcoin as a hedge against dollar dilution, others warn about a potential “dollar crisis” if digital asset adoption undermines monetary policy.
President Trump’s claim that bitcoin removes pressure on the United States reveals his strong bitcoin advocacy following economic challenges. While bitcoin’s market strength is evident, its precise pricing fluctuates, and its impact on the dollar remains contested.
