It's hard to believe, but Donald Trump sees a good eye that Bitcoin becomes the international reserve currency par excellence.
In short
- Trump supports a lower dollar to stimulate American production and reduce trade deficit.
- The White House is planning a Bitcoin Strategic Reserve, with initiatives to accumulate as many bitcoins as possible before it becomes a major international currency.
The inevitable sacrifice of the dollar
The dollar has dropped by more than 11 % since the start of the year (Dxy). Morgan Stanley expects him to further receive 9 % over the next 12 months. Excellent news for Donald Trump whose priority is to stimulate American production.
The American president estimates that a strong dollar is harming the manufacturing and competitiveness of the United States. He said in 2017: “Our currency is too strong and we die slowly.”
What is his goal? Reduce the unbearable trade deficit in the country. This competitive devaluation policy, baptized “The Mar-A-Lago Agreement”is at the origin of the customs tax strategy.
Message received in Asia where we actively get rid of the dollar. The greenback has lost 10 % against Taiwanese currency since early April. And more than 5 % against Korean, Thai, Malaysian and Singaporean coins.
Some people talk about “Reverse Asian crisis” In reference to the collapse of Asian currencies from the 1990s. The countries of the region then used to accumulate large reserves of dollars as a precaution. But maybe more for a long time.
According to Robin Xing, chief economist at Morgan Stanley, Asian investors are moving towards a diversification strategy and abandoning the obsolete idea of the absolute supremacy of the dollar.
Same bell sound on CNBC where billionaire Philippe Laffont said that “The dedollarization of the world [et] The end of American exceptionalism ” will certainly do the business of Bitcoin.
Nothing new under the sun. On the other hand, what is more surprising is that the White House is not worried in the least that bitcoin can shade the dollar.
The end of the exorbitant privilege
It is difficult to reconcile the fact that Donald wants a weak dollar while wishing that it remains the international reserve currency par excellence.
He still declared on June 15, 2025 that “The dollar must remain strong; It is the backbone of our economy and the confidence that the world grants us. We cannot allow ourselves to let it weaken, especially with all the challenges we face worldwide ”.
The former president of Brazil did not fail to point the finger at this contradiction. Dilma Rousseff recalled that the United States trade deficit is above all at “Exorbitant privilege” Dollar that pushes Washington to go into debt and import more than they export, without immediate consequences:
In other words, Donald Trump will not have butter and butter money. Give back a manufacturing power, or have the global reserve currency, you will have to choose. He knows it, this is in any case what his latest statements suggest to Bitcoin:
I noticed that we pay more and more in Bitcoin … Some people say that it takes a lot of pressure from the dollar, and that it is an excellent thing for our country.
Donald Trump
The exorbitant privilege is a double -edged blade. He requires staying at the forefront of innovation while preventing the emergence of rivals. No luck, China came to spoil the party.
It is enough to be convinced to observe the drift of the debt/GDP ratio and twin deficits (commercial and budgetary) of the United States. It is the Boomerang effect resulting from decades of monetary hegemony.
There remains the poker name named Bitcoin.
The dollar is dead, long live the bitcoin
The Bitcoin Strategic Reserve is not an Arlesian. She arrives. This is what the advisor to the White House Bo Hines said this Friday:
We are building the infrastructure to establish the strategic reserve and increase our bitcoin reserves. We have repeated many times that Bitcoin is digital gold and we think it is in the interest of the United States to accumulate as much of it.
Bo hines, the White House Advisor in charge of the Bitcoin file
The only constraint will be not to encroach on the budget of the nation. The supported looks of Bo Hines to Senator Cynthia Lummis suggest, however, that the plan is to swap gold for bitcoin:
Donald Trump is betting that putting his hands on millions of bitcoins will compensate for the abandonment of the exorbitant privilege. The coming months promise to be truly fascinating.
While waiting for the US Congress to give the green light, the Federal Housing Financing Agency (FHFA) has just softened Bitcoin as a guarantee to obtain a mortgage loan.
This decision echoes the recent declarations of the president of the Fed, Jérôme Powell, who said that banks are free to integrate Bitcoin into their activities. That said, note that all large American banks already let their customers buy bitcoins via their application.
Citibank said Bitcoin could “become the currency of choice for international trade”. Bank of America compares it for innovations such as printing, bulb or artificial intelligence:
It is certain that 2025 will be a pivotal year. The whole world will follow suit in the United States and it would be the devil if Bitcoin does not have 200,000 dollars in a very close future.
Don't miss our article: BTC/USD: Bull Run resumes its rights.
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