United States President Donald Trump has again signaled strong support for Bitcoin, describing it as a potential tool to relieve mounting strain on the US dollar. Speaking at a White House press conference on Friday, Trump said the cryptocurrency sector has grown into a major economic engine and geopolitical asset.
“It has become amazing,” Trump remarked.
“I mean, it is the jobs that it produces, and 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.”
Trump’s comments echoed the so-called Triffin Dilemma, a dynamic first articulated by economist Robert Triffin in the 1960s. The dilemma highlights the trade-off the US faces as the issuer of the world’s primary reserve currency: it must run consistent trade deficits to satisfy global demand for dollars, but that process ultimately undermines confidence in the currency’s long-term purchasing power.
Digital asset researcher Anders X argued that Trump’s remarks suggest he views Bitcoin as a kind of release valve for these pressures, helping diversify settlement and store-of-value channels away from the dollar.
Bitcoin as a Hedge Against Persistent Deficits
Under the Triffin framework, America’s dual mandate—to maintain domestic economic stability and supply the world with dollars—forces it into chronic deficits. Those deficits are typically financed by creating more currency, slowly eroding the dollar’s value over time.
This inflationary bias has sparked interest in alternative, supply-capped assets like Bitcoin.
During his first campaign, Trump floated the idea of using Bitcoin to pay down part of the $37 trillion national debt. While largely symbolic—Bitcoin’s entire market capitalization remains far below US liabilities—it signaled a shift in political attitudes toward digital assets as a hedge against fiscal instability.
Critics were quick to point out the practical challenges. Even if the Treasury were to buy up every Bitcoin in circulation, the aggregate value would still fall short of covering America’s obligations. Meanwhile, attempts to monetize that position could trigger severe volatility or depress the asset’s price.
Analysts Warn Debt Spiral Will Continue
Bitcoin’s advocates see growing US deficits as a long-term tailwind for the cryptocurrency’s adoption. Macroeconomist Lyn Alden, a vocal proponent of Bitcoin, popularized the phrase “nothing stops this train”—a nod to the idea that governments will keep printing money rather than tackle structural imbalances head-on.
Evidence of the dollar’s weakening has been mounting. The US Dollar Index (DXY), which tracks the greenback against a basket of major currencies, slid to its lowest point in three years on Thursday.
Simultaneously, US Treasury yields have remained elevated, reflecting mounting investor unease over the sustainability of the country’s ballooning debt load.
“Deficits will keep climbing,” Alden warned in a recent research note. “And the incentive to monetize those deficits—by issuing more currency rather than making politically painful spending cuts—is stronger than ever.”
For now, Trump’s latest remarks signal that Bitcoin may increasingly be seen not just as a speculative asset, but as part of a broader conversation about fiscal sustainability, currency strategy, and America’s place in a rapidly evolving financial system.
Quick Facts
- President Trump said Bitcoin helps ease “pressure” on the US dollar by offering an alternative reserve asset.
- The Triffin Dilemma forces the US to run deficits to meet global dollar demand, undermining long-term confidence in the currency.
- Trump has floated the idea of using Bitcoin to pay down national debt, despite critics noting the math doesn’t add up.
- Analysts warn rising deficits and debt monetization are likely to continue, supporting demand for alternative stores of value.
