Donald Trump, former United States President and candidate in the upcoming elections, has taken a u-turn on his stance against Bitcoin, stating that he can live with it.
During an interview with Fox News, the billionaire acknowledged that BTC, the leading digital currency, is getting a lot of attention and taking a life of its own, stating the need for some regulation around the asset.
Trump said he had seen some interesting incidents surrounding BTC, like more people wanting to pay for goods and services with the cryptocurrency.
Regardless of the BTCâs growing adoption and utility, the former U.S. president insisted that he has and will always like one currency: the United States dollar (USD).
Trumpâs recent comments on BTC starkly contrast his popular stance on cryptocurrencies in general. He is known to bash crypto assets and has repeatedly stated that he is not a fan of them.
Three years ago, Trump said investing in crypto assets was a potential disaster waiting to happen. He called Bitcoin a scam, insisting it was fake and blaming it for watering down the greenback.
In addition, the billionaire urged appropriate authorities to regulate cryptocurrencies âvery, very high,â as they hurt the USD. He believed tough crypto regulation would take the edge off the dollar and restore Americansâ investment in the currency.
However, Trumpâs stance began to soften in 2022 when he announced the launch of his non-fungible token (NFT) collection, which sold out within 24 hours of its release, netting almost a million dollars for the politician. Prior to his NFT launch, Trumpâs wife, Melania, released her collection on Solana the year before, using the proceeds to raise funds for foster childrenâs education.
Meanwhile, Trump vowed earlier this year to prevent the creation of a central bank digital currency in the U.S. if elected president, as they are a threat to freedom.
The post U-Turn? Donald Trump Says He Can Live With Bitcoin appeared first on CryptoPotato.
During an interview with Fox News, the billionaire acknowledged that BTC, the leading digital currency, is getting a lot of attention and taking a life of its own, stating the need for some regulation around the asset.
Living With Bitcoin
Trump said he had seen some interesting incidents surrounding BTC, like more people wanting to pay for goods and services with the cryptocurrency.
Regardless of the BTCâs growing adoption and utility, the former U.S. president insisted that he has and will always like one currency: the United States dollar (USD).
Trumpâs recent comments on BTC starkly contrast his popular stance on cryptocurrencies in general. He is known to bash crypto assets and has repeatedly stated that he is not a fan of them.
Trumpâs Anti-bitcoin Stance Softens
Three years ago, Trump said investing in crypto assets was a potential disaster waiting to happen. He called Bitcoin a scam, insisting it was fake and blaming it for watering down the greenback.
In addition, the billionaire urged appropriate authorities to regulate cryptocurrencies âvery, very high,â as they hurt the USD. He believed tough crypto regulation would take the edge off the dollar and restore Americansâ investment in the currency.
However, Trumpâs stance began to soften in 2022 when he announced the launch of his non-fungible token (NFT) collection, which sold out within 24 hours of its release, netting almost a million dollars for the politician. Prior to his NFT launch, Trumpâs wife, Melania, released her collection on Solana the year before, using the proceeds to raise funds for foster childrenâs education.
Meanwhile, Trump vowed earlier this year to prevent the creation of a central bank digital currency in the U.S. if elected president, as they are a threat to freedom.
The post U-Turn? Donald Trump Says He Can Live With Bitcoin appeared first on CryptoPotato.
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