US President Donald Trump made his strongest statements yet on cryptocurrencies in a major speech at the American Business Forum in Miami this week.
He told thousands of attendees that digital assets could “relieve pressure on the dollar” and declared that the United States is ready to lead the world as both a “Bitcoin superpower” and a “crypto capital.”
President Trump said his administration’s policies have replaced long-standing hostility toward the cryptocurrency industry with new support for innovation and growth.
Conflict between dollar and bitcoin
Market data shows that there are long-term tensions between the US dollar and Bitcoin. Analysts say price movements often go in the opposite direction.
During the Federal Reserve’s 2022 interest rate hike, the dollar index rose to 114, while Bitcoin fell from $47,000 to below $17,000. However, in 2020 and 2021, when the dollar weakened, Bitcoin skyrocketed to around $64,000.
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— Cynthia Lummis 🦬 (@CynthiaMLummis) November 5, 2025
The report also notes that Bitcoin tends to act more like a high-risk asset than a hedge, rising when money is cheap and falling when liquidity is tight.
Academic research using wavelet analysis confirms that the two assets often drift out of sync, although the pattern is not completely stable.
Insurance contract changes and reservation plans
Trump’s position is consistent with ongoing policy discussions in Washington. Sen. Cynthia Lummis supported the creation of a Strategic Bitcoin Reserve to offset the nation’s $35 trillion debt.
The idea starts with around 130,000 BTC that the government already owns through criminal forfeiture, and its supply is worth nearly $34 billion.
Treasury Secretary Scott Bessent is reportedly evaluating how these reserves could be used beyond traditional methods of valuing gold.
Meanwhile, Eric Trump has promoted stablecoins, saying World Liberty Financial’s $1 USD token could bring “trillions of dollars” into the U.S. market.
Lawmakers including Maxine Waters and Elizabeth Warren have raised concerns about conflicts of interest, noting that the GENIUS Act, signed into law in July, does not limit presidential family involvement in digital asset ventures.
signs of rebound
The cryptocurrency market is finally showing signs of life, with Bitcoin returning to the $103,000 level.
Most other crypto assets are also currently trading in the green zone. Trumpcoin has been one of the leaders of the pack, posting significant gains with double-digit gains on the daily and 14-day charts.
According to CoinGecko data, TRUMP price is up 12% in the past 24 hours, 35% on the 14-day chart, and 1.9% month-over-month.
However, the coin is still down 4% in the last week. TRUMP is currently the fourth best performing cryptocurrency on the daily chart, followed by Internet Computer (ICP), Quanto (QNT) and Zcash (ZEC).
Trump has expressed strong support for the cryptocurrency industry, even allowing donations to cryptocurrencies during his 2024 presidential campaign.
As one of his first executive orders after taking office, he announced the creation of a Strategic Digital Asset Reserve for the United States.
Featured image from Getty Images, chart from TradingView
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