Adam Back, CEO of Blockstream and creator of Hashcash, asserts that President Donald Trump's victory has accelerated Bitcoin adoption in the USA by decades, according to an interview with Decrypt (May 27, 2025). Back views Trump as America's 'first crypto president,' but warns that this political support could complicate investor confidence. The article summarizes Back's detailed views, the impact on the crypto market, and lessons for investors.
Adam Back's perspective
Back, a veteran cypherpunk, notes a significant shift from Bitcoin's anti-government origins. In the early days, he and other cypherpunks used cryptography to protect privacy and free speech, confronting centralized authorities like the U.S. government. However, since Trump took office (January 2025), the crypto environment has positively transformed. Trump did not attend the Bitcoin Conference 2025 in Las Vegas, but his presence was felt through speakers like Vice President JD Vance and crypto-friendly policies.
Back believes that $TRUMP , with a business mindset, is creating a favorable environment for crypto through initiatives like the national Bitcoin reserve (January 2025 decree) and encouraging national and state sovereign funds to participate. He emphasizes: 'In 2015, no one thought the government would buy Bitcoin in 40 years, but now that's happening.' According to BitcoinTreasuries.NET, organizations currently hold 2.4 million BTC, and government involvement could push demand beyond that of individual and corporate investors.
However, Back warns that political support may undermine investor confidence. Projects related to Trump, such as his meme coin, are controversial and criticized by Democratic lawmakers, overshadowing legislative initiatives. Vitalik Buterin, co-founder of Ethereum, also warns about crypto-friendly politicians lacking cypherpunk values, reflecting the divide within the community.
Impact on the crypto market
The support of #TRUMP has driven Bitcoin's price up 259% from $42,000 to $111,000 in the past year, thanks to inflows from ETFs and businesses like MicroStrategy (252,220 BTC). According to Chainalysis (2024), crypto transaction volumes in the USA reached $1.2 billion per quarter, with 2.5 million users. TradingShot predicts Bitcoin could reach $150,000 by Q4/2025, especially as ETF funds like iShares Bitcoin Trust attract $10 billion in 2024.
Trump's policies, including the approval of a Bitcoin spot ETF (2024) and the national reserve, have reduced regulatory pressure compared to the previous administration, which pushed innovation overseas. However, government involvement also poses risks: if national funds accumulate quickly, individual investors may lose the opportunity to buy Bitcoin at low prices. Back suggests that slow accumulation will be more beneficial for individuals.
Risk management in the new context
Trump's support brings opportunities but also carries risks:
Volatility of confidence: Projects related to Trump may cause FOMO or controversy, causing Bitcoin prices to fluctuate in the short term (10-15%, Glassnode).
Political risk: Policy changes or opposition from the Democrats could disrupt the upward momentum.
Institutional competition: Government and large funds buying in could push prices beyond the reach of individual investors.
Lessons for investors
Back's perspective offers important lessons:
Seize early opportunities: Buy #Bitcoin before the government accumulates heavily, using exchanges like Binance.
Diversify your portfolio: Combine Bitcoin with stablecoins (USDT, USDC) to reduce risk, as recommended by CoinMarketCap.
Monitor policies: Trump's decrees and JD Vance's speech at Bitcoin 2025 are important signals.
Asset security: Use cold wallets (Ledger) and multi-signature to protect against misconduct such as hacking.
Investment suggestions
Monitor Bitcoin prices through CoinMarketCap, forecast through TradingShot.
Participate in events like the Bitcoin Conference to stay updated on trends and connect.
Store 80% of assets in cold wallets to reduce hack risks (CertiK reports $1.2 billion in damages in 2024).
Risk warning
Investing in Bitcoin carries high risks due to price volatility, political controversy, and competition from institutions. Projects related to Trump may cause FOMO, leading to hasty decisions. Investors need to protect their wallets against misconduct such as phishing and conduct thorough research (DYOR). The information in the article is for reference only and is not investment advice. #anhbacong