Trump Praises Crypto for Easing Dollar Burden – Ironically, That Could Hurt Bitcoin

President Donald Trump declared crypto “ takes a lot of pressure off the dollar ” during a speech at Miami’s America Business Forum on November 5, 2025, positioning the ￰2￱ “ the bitcoin superpower ” and “ crypto capital of the world. ” Speaking to thousands of attendees, Trump credited his executive orders with ending what he called the federal government’s “ war on crypto ,” contrasting his approach with the Biden administration’s enforcement-heavy stance, which he said left industry figures “ under indictment .” Beyond regulatory relief, Trump framed crypto adoption as economically strategic, suggesting digital assets could alleviate strain on the dollar while positioning America as the global leader in both crypto and artificial intelligence, where he claimed the ￰3￱ China “ by a lot .” JUST IN: President Trump says crypto "takes a lot of pressure off the ￰4￱ does a lot of good things." "We're making the US the #Bitcoin superpower, the crypto capital of the world". ￰5￱ — Bitcoin Magazine (@BitcoinMagazine) November 5, 2025 The Dollar-Bitcoin Paradox Trump’s endorsement reflects growing momentum behind stablecoins and strategic Bitcoin reserves in Washington, yet economic fundamentals suggest an inherent ￰6￱ has historically exhibited an inverse correlation of approximately -0.7 with the ￰7￱ Index (DXY), meaning a strengthened dollar typically suppresses Bitcoin prices while dollar weakness tends to boost them.) November 5, 2025 The administration’s March fact sheet indicated the reserve would start with over 130,000 BTC already held through criminal forfeitures, worth approximately $34 billion, without requiring new taxpayer spending.

Similarly, Eric Trump recently told the New York Post that stablecoins could “ save the ￰8￱ ” by channeling “ trillions from around the world ” into ￰9￱ through World Liberty Financial’s USD1 token. However, critics, including Representative Maxine Waters and Senator Elizabeth Warren, have warned of what they see as conflicts of interest, noting the GENIUS Act stablecoin framework signed in July contains no provisions preventing the president or family members from ￰10￱ Dynamics Reveal Dollar-Bitcoin Tension in Real Time Recent market action demonstrates the paradox between the dollar and ￰11￱ surprisingly strong ￰12￱ data emerged in late September, initial claims dropped to 218,000, and Q2 GDP was revised upward to 3.8%.

The ￰13￱ Index surged to a three-week high while Bitcoin tumbled below $111,000. The pattern repeated on Thursday when better-than-expected services activity and payroll figures lifted the dollar to a five-month peak, capping Bitcoin’s recovery even as it climbed back above $103,000. Strong jobs report sends dollar soaring while Bitcoin falls below $111,000 as Fed rate cut odds decline to 85.5%. #Bitcoin #Dollar ￰0￱ — ￰14￱ (@cryptonews) September 25, 2025 Current trading reflects this dollar ￰15￱ Bitcoin’s Thursday bounce, traders described a “buy the dip, sell the rip” bias , with rapid profit-taking, as the higher-for-longer rate narrative and firm dollar limit follow-through ￰16￱ expectations for a December Fed cut slipped to 60% from 70% earlier in the week, keeping yields firm and the dollar elevated.

Notably, in the early hours of today, Turkey’s lira plunged to a record 42.1 per dollar on November 6, a 97% depreciation since 2010, as persistent inflation drives capital toward the US ￰17￱ Jain described this saying, “they will keep adding paper till people keep considering it of any value.” They will keep adding paper till people keep considering it of any value ￰1￱ — Alok Jain (@WeekendInvestng) November 6, 2025