Trump Just Gave Crypto The Biggest Compliment Yet
US President Donald Trump made one in every of his strongest statements but on cryptocurrency throughout a significant speech at Miami’s America Business Forum this week.
Before hundreds of attendees, he stated digital property may “ease strain on the greenback” and declared that America is able to lead the world as each the “bitcoin superpower” and the “crypto capital.”
Trump stated his administration’s insurance policies had changed what he described as years of hostility towards the crypto business with new support for innovation and progress.
Dollar And Bitcoin At Odds
Market information reveals a long-running pressure between the US greenback and Bitcoin. Analysts say their value actions usually go in reverse instructions.
During the Federal Reserve’s 2022 price hikes, the Dollar Index rose to 114 whereas Bitcoin fell from $47,000 to beneath $17,000. But in 2020 and 2021, when the greenback weakened, Bitcoin soared to round $64,000.
— Cynthia Lummis
(@CynthiaMLummis) November 5, 2025
Reports additionally observe that Bitcoin tends to behave like a high-risk asset somewhat than a hedge, rising when cash is reasonable and dropping when liquidity tightens.
Academic research utilizing wavelet evaluation verify the 2 property usually transfer out of sync, although the sample isn’t completely secure.
Policy Moves And Reserve Plans
Trump’s place strains up with ongoing coverage discussions in Washington. Senator Cynthia Lummis has backed making a Strategic Bitcoin Reserve to assist offset the nation’s $35 trillion debt.
The concept would begin with about 130,000 BTC the federal government already holds by way of felony forfeitures, a provide valued close to $34 billion.
Treasury Secretary Scott Bessent is reportedly assessing how such a reserve would possibly function past conventional gold valuation strategies.
Meanwhile, Eric Trump has promoted stablecoins, saying a USD1 token from World Liberty Financial may entice “trillions” into US markets.
Lawmakers together with Maxine Waters and Elizabeth Warren have raised conflict-of-interest considerations, noting that the GENIUS Act signed in July has no restrictions on presidential household involvement in digital asset ventures.
Signs Of Rebound
The crypto market is lastly exhibiting indicators of rejuvenation, with Bitcoin reclaiming the $103,000 mark.
Most different crypto property are additionally buying and selling within the inexperienced zone right this moment. Trump Coin is amongst these main the pack, recording large features with a double-digit rally within the every day and 14-day charts.
TRUMP’s price has rallied 12% within the final 24 hours, in keeping with CoinGecko information, 35% within the 14-day charts, and 1.9% over the earlier month.
However, the coin remains to be down 4% during the last week. TRUMP is at present the 4th-best performing crypto within the every day charts, adopted by Internet Computer (ICP), Quant (QNT), and Zcash (ZEC).
Trump has been extremely vocal in assist of the crypto business, even permitting crypto donations for his 2024 Presidential marketing campaign.
He issued, amongst his first govt orders upon assuming workplace, the institution of a strategic digital asset reserve for the US.
Featured picture from Getty Images, chart from TradingView
