$BTC Trump advocates for cryptocurrency, describing it as 'extremely popular' despite market instability
Despite a slight decline in the broader market, U.S. President Donald Trump has once again confirmed his support for cryptocurrencies, describing them as "very popular," "very hot," and "significantly stronger" than the stock market. In a recent interview, he touched on several topics, including his personal crypto assets and his administration's stance on cryptocurrencies.
Despite the controversy surrounding the rise in value of the TRUMP token, which some suspect may have been a "pump and dump" scheme, Trump denied profiting from it and emphasized the importance of cryptocurrencies on the global stage.
Trump's praise for cryptocurrencies came against the backdrop of reports that Trump Media & Technology Group plans to integrate cryptocurrency into its business model. Meanwhile, the price of Bitcoin continues to fluctuate, but its daily volume remains strong.