Bitcoin Exit from Donald Trump

Donald Trump appeared in an interview with Fox News this week as part of his presidential campaign. Among the topics discussed, the candidate shared his views on Bitcoin (BTC) and US Dollar (USD).

In the interview, the reporter asks Trump if adopting Bitcoin would be a logical step forward given the growing interest. In particular, the Republican candidate referred to the dollar as a “single currency,” which he called “a currency.” “It's like that for a lot of people,” Trump said.

“Bitcoin is taking on a life of its own; You probably need to make some adjustments. But many people embrace it. I see more and more people wanting to pay with Bitcoin. So I can live with it one way or another. I've always loved things that are really strong, and this one is called Dollars.

Growing interest in paying with ETFs and Bitcoin

Recently, the US Securities and Exchange Commission (SEC) approved a Bitcoin spot ETF proposal. This attracted the attention of a new group of investors who had not yet been introduced to the leading cryptocurrency. Moreover, many people saw this as validation of crypto and Bitcoin as a legitimate asset. Interestingly, such verification may have motivated people to try making payments using Bitcoin as currency.

In summary, Donald Trump did not show direct support for Bitcoin, although he did not show resistance. The US presidential candidate advocates for more regulation of BTC and doubles down on his support for the Dollar as the “single strong currency.”

However, Donald Trump seems to believe in cryptocurrencies as an investment, considering his crypto portfolio of around $500,000.