To be honest, when I saw the news about Trump embracing Bitcoin, I was quite surprised. Back in the day, he criticized Bitcoin fiercely, calling it 'air money'. Now, he has made a complete 180-degree turn and started accepting Bitcoin donations!

I think there are several key reasons behind this. First, we have to admit that Bitcoin's influence has become significant. Look, Wall Street giants like BlackRock and Fidelity have all entered the market, launching Bitcoin ETFs, which has directly promoted the popularity of Bitcoin. Moreover, Bitcoin's scarcity is evident; there is a total of 21 million coins, and once they are mined, there will be no more. This scarcity, combined with the ever-increasing market demand, has driven its value up.

Furthermore, with the upcoming U.S. elections, gaining the support of young voters is crucial. Cryptocurrency is very popular among young people, and Trump's team has surely noticed this. Embracing Bitcoin will undoubtedly help him win more votes from the younger demographic.