During a recent press conference, US President Donald Trump praised Bitcoin, stating that it may alleviate pressure on the US dollar. He emphasized Bitcoin's role in the economy, highlighting its capacity to create jobs and its increasing acceptance as a form of payment. Trump remarked that Bitcoin's growth takes pressure off the US dollar, calling it beneficial for the country. However, some economists have flagged concerns regarding the long-term implications, noting that the US dollar's status as the global reserve currency necessitates persistent trade deficits. Critics argue that even complete ownership of Bitcoin by the US Treasury would not suffice to offset the nation's soaring $37 trillion debt. The conversation around Bitcoin comes amidst a decline in the dollar's strength, indicated by its performance against other fiat currencies, as market sentiments around US debt sustainability wane.

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