INSUBCONTINENT EXCLUSIVE:
United States President Donald Trump recently touted the positive impacts of Bitcoin (BTC) on the US economy, including relieving "pressure"
from the US dollar during Friday's White House press conference.The President said that he is a fan of the crypto industry, which has grown
into a sector that cannot be ignored due to geostrategic competition
I mean, it is the jobs that it produces, and I notice more and more you pay in Bitcoin
Source: The White HouseAs the issuer of the global reserve currency, the US must run persistent trade deficits to meet the global demand for
dollars so foreign countries can settle trade and use the dollar as a store of value against more rapidly depreciating local fiat
currencies.This provides a short-term solution to meet global liquidity demands at the cost of the long-term value of the currency, as
persistent trade deficits are financed through money creation, which dilutes the value of the US dollar.The Federal Reserve M2 money supply,
a measure of the total supply of US dollars, continues to climb, diluting the value of each individual dollar
Source: TradingViewTrump previously floated the idea of paying off the national debt with Bitcoin, a nod to the asymmetry between the
inflationary dollar and the supply-capped asset.However, critics have said that even if the US Treasury owned the entire BTC supply, it
would still not be enough to cover the $37 trillion and growing US government debt, which will only continue to grow, eventually collapsing
the value of the dollar.Related: Trump sidesteps question on crypto divesting to pass key billsMacroeconomist and Bitcoin advocate Lyn Alden
and destroying the future value of their national currencies.The dollar currency index (DXY), a metric that tracks the strength of the US
dollar against a basket of major fiat currencies, hit its lowest level in three years on Thursday.Declining dollar strength comes amid
elevated US government bond yields, a signal of deteriorating investor confidence in the creditworthiness of the US government and the
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