Recently, President Donald Trump revealed his robust recommendation of Bitcoin and the broader cryptocurrency sector, explaining it as a important American possession that the United States needs to aim to control.
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President Donald Trump mentioned that Bitcoin “takes a lot of pressure off the dollar and it’s a great thing for our country.” pic.twitter.com/vjbGGhrHm9
— Bitcoin Magazine (@BitcoinMagazine) June 27, 2025
Trump articulated his gratitude for cryptocurrencies, classifying it as a considerable market. He mentioned, “I view it as an industry, and I’m president. If we didn’t have it, China would or someone else would, but most likely China.”
The previous president highlighted Bitcoin’s financial durability and its tactical significance, especially throughout current market changes. “In fact, when the stock market declined recently, cryptocurrencies, including Bitcoin, exhibited a relative strength, outperforming conventional assets,” he kept in mind.
Furthermore, Trump shared insights about his individual engagement with Bitcoin prior to his upcoming 2024 governmental project. He showed that his participation started a number of years back, stressing, “I got involved with it… not knowing if I was going to run for a third time.”
He also explained that Bitcoin is getting traction in mainstream commerce. “It’s the jobs that it produces, and I have noticed an increasing acceptance of Bitcoin in transactions,” he mentioned. He highlighted its function in relieving pressure on the dollar, stating it a useful advancement for the country.
In conclusion, Trump asserted that under his management, a crucial market focused around Bitcoin and cryptocurrencies has been developed. He mentioned, “I have children who invest in various assets, and they believe in it; however, my focus as president was to cultivate an essential industry. If we didn’t have it, China would.”
This short article, entitled “Former President Donald Trump Acknowledges Bitcoin’s Impact on the Dollar,” initially appeared on Bitcoin Magazine and is authored by Oscar Zarraga Perez.
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