Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Donald Trump's stance on Bitcoin is changing, says 'many people are embracing it'

Donald Trump's stance on Bitcoin is changing, says 'many people are embracing it'

The BlockThe Block2024/02/23 11:56
By:The Block

Quick Take: U.S. Presidential candidate Donald Trump appears to be warming toward Bitcoin, having previously called it a “scam.” Trump said that some regulation was likely required, but many people are embracing it, and he could “live with it one way or the other.”

Donald Trump's stance on Bitcoin is changing, says 'many people are embracing it' image 0Former United States President Donald Trump and the leading Republican candidate for November’s election appears to be warming toward Bitcoin BTC -0.81% , having been critical of cryptocurrencies in the past.

In January, Trump said he'll “never allow” central bank digital currency issuance in the U.S. if elected. “Such a currency would give the federal government, our federal government, absolute control over your money… They could take your money and you wouldn’t even know it was gone,” he warned at the time.

In a recent town hall on Fox News, alongside South Carolina Senator Tim Scott, Trump was asked if the next logical step was for him to embrace Bitcoin, given that it’s decentralized, the government can't get its hands on it and all the young people who are particularly interested in it, host Laura Ingraham suggested.

“I always liked one currency. I call it a currency. I like the dollar, but a lot of people are doing it [Bitcoin] and frankly, it's taken on a life of its own,” Trump replied. “You probably have to do some regulation, as you know, but many people are embracing it. And more and more, I'm seeing people wanting to pay Bitcoin, and you're seeing something that's interesting, so I can live with it one way or the other.”

Some Bitcoiners attributed the remarks to pro-Bitcoin Vivek Ramaswamy, a former Republican candidate who backed Trump after dropping out of the U.S. Presidential race in January and contender for Trump's Vice President pick. The founder of biotech company Roivant Sciences has been both an advocate for the crypto industry and against the implementation of CBDCs.

Donald Trump's changing views on crypto

Back in June 2021, Trump seemed to be much more critical of Bitcoin, declaring that "it just seems like a scam" in another interview with Fox News.

"Bitcoin, it just seems like a scam. I was surprised — you know, with us, it was at $6,000 and, much lower. I don't like it because it's another currency competing against the dollar, essentially it's a currency competing against the dollar. I want the dollar to be the currency of the world," he said at the time.

As President in 2019, Trump also blasted Bitcoin and cryptocurrencies. "I'm not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air," Trump said.

However, Trump has since gone on to promote his own nonfungible tokens, including a trading card collection in December 2022 and a “ Mugshot Edition ” of the collection in December last year. Blockchain analytics platform Arkham Intelligence said that a crypto portfolio it believes to be owned by Trump sold 1,075 ETH, worth about $2.4 million at the time, in the same month.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Finally, a token launch platform that requires mandatory disclosure of selling purposes.

The first step in issuing a token: it is essential to give the token real value.

ForesightNews 速递2025/09/12 13:53
Finally, a token launch platform that requires mandatory disclosure of selling purposes.

Unveiling Solana's "Invisible Whale": How Proprietary AMMs Are Reshaping On-Chain Trading

The rapid rise of proprietary AMMs on Solana is no coincidence; rather, it is a logical and even inevitable evolution as the DeFi market pursues ultimate capital efficiency.

Bitget Wallet2025/09/12 13:23
Unveiling Solana's "Invisible Whale": How Proprietary AMMs Are Reshaping On-Chain Trading

XRP Reenters Global Top 100 With Market Cap Near HDFC

Quick Take Summary is AI generated, newsroom reviewed. XRP has entered the Top 100 Global Assets at $181.8B XRP trades at $3.05 showing strong annual growth and volume activity XRP has surpassed companies like Adobe, Pfizer, and Shopify in valuation ETF filings and Ripple’s U.S. banking license could boost XRP adoption Japan’s banks and RippleNet partners highlight growing global use of XRPReferences $XRP reenters the top 100 global assets by market cap.

coinfomania2025/09/12 12:00

Solana Treasury Fund, operated by Sharps Technology, and Pudgy Penguins have announced a strategic partnership

Through this partnership, Pudgy Penguins' top-tier IP will be combined with STSS's institutional-grade Solana vault, creating a brand-new interactive opportunity for retail and institutional users.

BlockBeats2025/09/12 06:48
Solana Treasury Fund, operated by Sharps Technology, and Pudgy Penguins have announced a strategic partnership