Donaldtrumponcryptocurrency
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Trump: from crypto opponent to crypto supporter
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President-elect Trump was initially a crypto sceptic - who labelled crypto a scam three years ago and criticised it for competing against the US dollar.
Trump however fundamentally changed his mind. He started to embrace crypto during his campaign this year. Thereby he positioned himself as a crypto champion. He sees the integration of cryptocurrencies as central to future economic growth in the US.
This change of tone has much to do with the support of the crypto industry. Trump's campaign effectively engaged the cryptocurrency sector, raising millions through crypto donations, totalling around $245 million.
Further on this change cannot be seen apart from his own growing financial interest in crypto. Trump as well as many of Trump's intended ministers themselves have crypto interests. In September, Trump and his sons started a crypto venture, World Liberty Financial, a platform for investors to borrow and lend using cryptocurrencies.
In some ways, this shift is reflective of the broader public warming to digital assets as a legitimate investment class, particularly with the SEC's regulatory approval early this year of spot Bitcoin and spot ether ETFs. Bitcoin ETFs hit $ 100000 billion and more in 2024.$
$BTC
$BNB
$SOL
#BtcNewHolder #DonaldTrump #Donaldtrumponcryptocurrency #brekingnews
President-elect Trump was initially a crypto sceptic - who labelled crypto a scam three years ago and criticised it for competing against the US dollar.
Trump however fundamentally changed his mind. He started to embrace crypto during his campaign this year. Thereby he positioned himself as a crypto champion. He sees the integration of cryptocurrencies as central to future economic growth in the US.
This change of tone has much to do with the support of the crypto industry. Trump's campaign effectively engaged the cryptocurrency sector, raising millions through crypto donations, totalling around $245 million.
Further on this change cannot be seen apart from his own growing financial interest in crypto. Trump as well as many of Trump's intended ministers themselves have crypto interests. In September, Trump and his sons started a crypto venture, World Liberty Financial, a platform for investors to borrow and lend using cryptocurrencies.
In some ways, this shift is reflective of the broader public warming to digital assets as a legitimate investment class, particularly with the SEC's regulatory approval early this year of spot Bitcoin and spot ether ETFs. Bitcoin ETFs hit $ 100000 billion and more in 2024.$
Donald Trump on CRYPTOcurrency
Donald Trump has expressed varying views on cryptocurrency over time, primarily focusing on skepticism and criticism. His public statements generally reflect concerns about the legitimacy and potential risks of cryptocurrencies. Here’s an overview of his notable remarks:
Early Stance on Bitcoin and Cryptocurrencies
In 2019, while serving as President, Trump tweeted that he was "not a fan" of Bitcoin and other cryptocurrencies, arguing that:
Cryptocurrencies were not money and lacked intrinsic value.
They could facilitate illegal activities, such as drug trafficking.
The U.S. dollar should remain the dominant currency globally.
Comments on Cryptocurrency Regulation
Trump has suggested that cryptocurrencies should be heavily regulated.
He emphasized the importance of the U.S. dollar as the world's reserve currency and expressed concerns that cryptocurrencies could undermine this status.
Recent Views
In 2021, during interviews, Trump reiterated his disapproval of cryptocurrencies, calling Bitcoin a "scam" and expressing concern that it could undermine the U.S. dollar.
He also voiced skepticism about the broader cryptocurrency market, aligning his position with a more traditional view of finance and currency.
Context and Speculation
Trump's critical stance on cryptocurrency may align with his broader "America First" philosophy, advocating for U.S. economic dominance and a strong dollar.
His views contrast with more pro-crypto politicians, such as Florida Governor Ron DeSantis, who has embraced Bitcoin and blockchain technology.
Trump’s commentary continues to resonate with those wary of cryptocurrency, but his position has made him less favorable among crypto advocates.
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Early Stance on Bitcoin and Cryptocurrencies
In 2019, while serving as President, Trump tweeted that he was "not a fan" of Bitcoin and other cryptocurrencies, arguing that:
Cryptocurrencies were not money and lacked intrinsic value.
They could facilitate illegal activities, such as drug trafficking.
The U.S. dollar should remain the dominant currency globally.
Comments on Cryptocurrency Regulation
Trump has suggested that cryptocurrencies should be heavily regulated.
He emphasized the importance of the U.S. dollar as the world's reserve currency and expressed concerns that cryptocurrencies could undermine this status.
Recent Views
In 2021, during interviews, Trump reiterated his disapproval of cryptocurrencies, calling Bitcoin a "scam" and expressing concern that it could undermine the U.S. dollar.
He also voiced skepticism about the broader cryptocurrency market, aligning his position with a more traditional view of finance and currency.
Context and Speculation
Trump's critical stance on cryptocurrency may align with his broader "America First" philosophy, advocating for U.S. economic dominance and a strong dollar.
His views contrast with more pro-crypto politicians, such as Florida Governor Ron DeSantis, who has embraced Bitcoin and blockchain technology.
Trump’s commentary continues to resonate with those wary of cryptocurrency, but his position has made him less favorable among crypto advocates.
#Donaldtrumponcryptocurrency $BTC $BNB