Former US President Donald Trump He has reversed his previous skepticism towards Bitcoin and cryptocurrencies to become an enthusiastic supporter of Bitcoin.
In a recent interview Bloomberg BusinessweekPresident Trump has insisted that Bitcoin is “not going away” and wants the U.S. to lead Bitcoin and cryptocurrency innovation ahead of China and other countries.
New 🇺🇸 President Donald Trump says the US must embrace #Bitcoin Compete on the global stage with cryptocurrency.
“China is obsessed with it. It’s not going away.”🔥 pic.twitter.com/nnlmpavJC5
— Bitcoin Magazine (@BitcoinMagazine) July 18, 2024
Embracing Bitcoin would be a major turning point for Trump, whose transition would see him dive deep into cryptocurrency. Bitcoin Lightning Donations During the 2024 election campaign.
“It’s been a great experience for me,” Trump said of his experience with bitcoin and cryptocurrencies. “I learned how it works. It’s been really eye-opening.”
Trump Chinese The advancement of bitcoin and cryptocurrencies is a key reason why the U.S. must ensure it takes the lead. “China is very keen on this. If the U.S. doesn’t step up, China will take over. We don’t want to be responsible for allowing other countries to take over this space,” he said.
The former president would like to see Bitcoin mining flourish in the United States, stating that he wants “every bitcoin left to be mined in the United States.” He also opposes a digital dollar, claiming that it would “remove the importance of the dollar.”
and Bitcoin advocate JD Vance Now, as a running mate, Trump appears to be trying to make Bitcoin and cryptocurrencies a key issue on his agenda. The Bitcoin 2024 conference is taking place in Nashville next week.
Trump’s support for Bitcoin shows how far the cryptocurrency has come in mainstream acceptance, and with a possible return to the presidency, he may soon be in a position to enact major pro-Bitcoin policies.
