$BTC #TradeStories Trump’s Love for Bitcoin and Crypto Manifesting

Eric’s comments highlight the deepening connection between the current U.S. administration and the crypto sector. This aligns with Trump’s recent disclosure that he wants crypto to succeed. 

He sees it as important because, according to him, if the U.S. doesn’t embrace it, China will. “It’s new, very popular, and extremely hot right now,” Trump said.

Interestingly, President Trump even praised the market amid the April volatility, noting that when the broader financial markets went down, crypto remained much stronger than other parts of the market. As a result, he reiterated his passion for crypto, emphasizing that millions of people are involved in it.

Under President Trump’s administration, the government has continued to pursue crypto-friendly policies. One of the biggest highlights is the establishment of a crypto reserve.

In March, Trump signed executive orders to consolidate confiscated Bitcoin holdings into a national crypto reserve, preventing any immediate sale, unlike the previous administration’s contrasting approach. Alongside the BTC in asset forfeiture, the government plans to acquire more without costing taxpayers an extra dime.