Former U.S. President Donald Trump Makes Surprising Shift, Embraces Bitcoin and Crypto
In a surprising turn of events, former U.S. President Donald Trump has come out as a vocal supporter of Bitcoin and cryptocurrency. This marks a stark reversal from his previous scepticism of the digital assets.
In a recent interview with Bloomberg Businessweek, Trump declared that Bitcoin is “not going away” and emphasized the importance of the U.S. taking a leading role in Bitcoin and crypto innovation, ahead of countries like China.
This newfound support for Bitcoin comes after Trump delved into the world of cryptocurrency and even accepted Bitcoin lightning donations during his 2024 campaign. “My experience with it has been amazing,” Trump stated. “I’ve seen how it works. It’s been really eye-opening.”
Trump highlighted China’s significant involvement in Bitcoin and crypto as a driving force behind his push for the U.S. to secure a dominant position in the industry. “China is very much into it. If we don’t do it, China is going to pick it up. I don’t want to be responsible for allowing another country to take over this sphere,” he explained.
The former president also expressed his desire to see Bitcoin mining flourish in the U.S., stating, “We want all the remaining Bitcoin to be mined in the USA.” Additionally, Trump voiced his opposition to a digital dollar, arguing that it would diminish the importance of the U.S. dollar.
With Bitcoin advocate J.D. Vance as his running mate, Trump appears committed to making Bitcoin and crypto a key focus of his platform. He is set to deliver a keynote speech at the upcoming Bitcoin 2024 conference in Nashville next week.
Trump’s endorsement of Bitcoin reflects the increasing mainstream acceptance of the digital currency. As his chances of reclaiming the presidency grow, Trump could potentially implement significant pro-bitcoin policies in the future.
