Donald Trump says Bitcoin eases pressure on US dollar

President Donald Trump offered a take on Bitcoin and the dollar that would have sounded like science fiction four years ago: the two aren’t in competition. During a White House press conference on June 27, 2025, Trump said that the rising acceptance of Bitcoin for transactions “takes a lot of pressure off the dollar” and positively impacts the US economy. What Trump actually said Trump’s comments came during a press conference tied to a Supreme Court announcement. He argued that broader cryptocurrency adoption can create jobs and contribute to economic resilience during downturns. He also framed US leadership in crypto as a competitive necessity, warning that allowing China to gain dominance in digital assets would be a strategic mistake. Trump made a similar statement in November 2025 at the America Business Forum in Miami, where he reiterated his warning against letting foreign competitors lead in digital asset innovation. The policy backdrop In March 2025, Trump signed an executive order creating a Strategic Bitcoin Reserve, utilizing forfeited Bitcoin already held by the Treasury Department. Beyond the reserve, the administration has been pushing broader digital-asset legislati...