Trump Says Bitcoin and Tech Boom Show US Economy Is Back, Urges Fed to Cut Rates
- Trump cites soaring tech stocks and Bitcoin as signs of economic recovery.
- He presses for the Federal Reserve to lower interest rates soon.
- Bitcoin recently hit a record of over $112,000 amid crypto enthusiasm.
Trump Cites Bitcoin and Tech Boom as Economic Indicators
In a bold declaration, President Trump proclaimed that the ongoing tech boom and skyrocketing Bitcoin prices are proof that the US economy is indeed back on track. His latest remarks have reignited the conversation surrounding monetary policy, as he pushed for the Federal Reserve to consider cutting interest rates. With tech stocks now climbing higher than ever and Bitcoin reaching record-breaking highs, Trump believes this market performance paints a picture of economic vitality never seen before in recent times.
Bitcoin Surges While Interest Rates Remain Steady
As of now, Bitcoin has touched a staggering all-time high, surpassing $112,000 owing to an increased global appetite for digital assets. This phenomenal rise has also catapulted the entire cryptocurrency market capitalization back to a robust $3.4 trillion, reminding many of earlier highs seen in June 2025. However, it’s worth noting that this total market value remains shy of the record high achieved in December 2024, which was an impressive $3.7 trillion. In the current atmosphere, Bitcoin was tracking around $111,300 based on TradingView’s latest data.
Fed’s Dilemma Amid Economic Signals
Despite the cheering from tech enthusiasts and crypto traders alike, the Federal Reserve seems noncommittal. Trump’s calls for lower interest rates have not gained the traction he might have hoped for, as the market isn’t exactly betting on immediate action; there’s less than a 7% probability of a rate cut before the Fed’s upcoming meeting. Currently, the central bank has held its benchmark rates steady at the 4.25%–4.50% range since December 2024, and while discussions of potential cuts by the year’s end persist, consensus remains elusive regarding when to act. Traders and analysts are keeping a close watch on these developments.
To sum it all up, President Trump’s recent comments highlight the challenges and complexities of the current economic landscape, where a booming tech industry and Bitcoin’s rise are juxtaposed against a cautious Federal Reserve policy. The calls for lower interest rates reflect a yearning for acceleration, though market speculation seems to suggest that such a move may be delayed. Thus, the interplay between these elements will be critical as the economy continues to evolve into the latter half of 2025.
