Trump Declares Bitcoin Eases Pressure on the U.S. Dollar: “I Like It”
June 29, 2025 — Washington, D.C.
In a notable departure from his earlier stance on cryptocurrency, former President Donald J. Trump publicly endorsed Bitcoin during a June 27 White House press briefing, stating that the digital asset is beneficial for the U.S. economy and the strength of the dollar.
“Bitcoin … takes a lot of pressure off of the dollar,” Trump said. “I like it.”
The comment, made shortly after celebrating a Supreme Court ruling favorable to his campaign, marks a shift in tone for the former president, who had previously labeled Bitcoin as “a scam” in 2021 and warned that it could undermine the U.S. currency.
Trump’s latest remarks suggest a reassessment of Bitcoin’s role in global finance. Rather than viewing the cryptocurrency as a threat to the dollar, he now sees it as a complementary asset that may help reinforce U.S. financial dominance—particularly amid rising inflation and global competition.
“It’s a great thing for us,” he added, noting the growing acceptance of Bitcoin for payments across both private and public sectors. on the US.
The Trump campaign has increasingly embraced digital assets. Earlier this year, Trump announced the creation of a national “Strategic Bitcoin Reserve” and vowed to boost domestic Bitcoin mining efforts. His administration has also pledged to block the introduction of a central bank digital currency (CBDC), positioning Bitcoin as a decentralized alternative aligned with American values of freedom and individual ownership.
Trump’s comments reflect a broader political shift as the 2024–2025 election cycle brings digital assets to the forefront of economic and national security debates. Whether his pro-Bitcoin stance becomes a defining feature of his platform remains to be seen, but one thing is clear: Trump now considers Bitcoin an asset to watch—and protect.