Trump’s Secret Plan to Make the U.S. Dollar Great Again

Roughly two and a half minutes.

That’s how long the ‘speech’ by President Trump went at yesterday’s Digital Asset Summit in New York.[1]

When you watch it, I’d been keen to hear what you think.

For me, it was clearly scripted. And even further than that… I’m not 100% sure it was President Trump.

What do I mean by that?

Well, for a start, he wasn’t there in person. It was broadcast in. And even then, it was a pre-recorded message.

Also, I’ve seen very convincing AI clones in my time. Those are AI avatars of real people with voice clones of their real voices. These avatars are fed a script which the AI reads out ‘live’ and most people are none the wiser.

I can’t tell for sure, but boy did that speech look as close to an AI avatar as I’ve seen from the President.

And if anyone’s going to have the latest in AI avatar technology, you can bet your last Satoshi it’s going to be the United States government.

Anyway, aside from whether we heard from President Trump or AI President Trump, what did he say worth taking note of?

DOMINATION and SUPERPOWERS

To be honest, for the pump up this speech was given in the last 24 hours, the reality was pretty much what you’d expect from the President.

I still don’t really think he knows that much about Bitcoin or crypto, and I don’t really think he cares either. If it gets (and keeps) him votes and it does stimulate and contribute to economic activity and growth long term, I think he’s all for it.

But I do believe that it’s mainly David Sacks and Howard Lutnick (with some external influence from Eric, Don Jr and Barron Trump) that’s driving the Administration’s approach.

Then, a growing number of Senators will help drive laws through Congress, like Cynthia Lummis and Tom Emmer Jr.

This translates into the front man of the band, the President, who continues to tout America as the crypto capital of the world, and now the ‘Bitcoin superpower’.

As he opened with his speech, he was excited to speak about, ‘…how the United States is going to DOMINATE crypto and the next generation of financial technologies.’

He further patted the administration on the back for bringing in the strategic reserve and digital asset stockpile to, ‘maximise their long-term value,’ unlike the previous administration.

He spoke about the ending of the regulatory war on crypto and shutting down operation chokepoint 2.0. He’s calling on Congress to pass clear and sensible legislation for stablecoins and market structure.

He expects an ‘explosion of economic growth,’ and to expand the ‘dominance of the U.S. dollar’.

And that, ‘We will make America the undisputed Bitcoin superpower and the crypto capital of the world.’

What Does he Really Want?

The way in which he always drops in references to stablecoins, the U.S. dollar dominance and legislation around stablecoins – I think that’s his end game here.

He knows dedollarization is happening around the world. America’s enemies are trying to find any way they can to wean themselves off the USD. And if the USD isn’t the dominant currency force in global trade, the U.S. loses a big chunk of power on the geopolitical scale.

I think Trump sees stablecoins as a way to wrestle back a lot of the power lost already from the fall of the USD globally. If the world’s crypto economy grows, it will be USDT or USDC (or both) that underpin a lot of the trade and transactions. That’s the way it already works, and he wants to amplify that.

If he helps to grow decentralized finance (DeFi) and it’s USDT and similar stablecoins that facilitate that trade (all backed by U.S. treasury assets) then by default, he’s reversing dedollarization.

It’s a smart play if he pulls it off, if his Administration pulls it off, and they’re doing their best I think to make it happen.

Trust in crypto,
Adam Atlantic

[1] https://youtu.be/3DYEnch-2is?si=KkozLuF6DYqPuEBZ