Donald Trump has taken a clear supportive stance on cryptocurrencies in the context of the 2024 US presidential election. Trump has stated that if elected, he will implement crypto-friendly policies and establish a “Cryptocurrency Advisory Council” to support the growth of the sector. He also announced plans to create a “strategic national Bitcoin reserve” from Bitcoins seized by the US Department of Justice. This initiative aims to strengthen the US’s leadership in the crypto space.

Trump emphasized the potential of Bitcoin, calling for “don’t sell your Bitcoin” and saying that Bitcoin could one day surpass the market value of gold. At the same time, he has expressed his opposition to central bank digital currencies (CBDC) and will block such projects. These policies have led to significant support from the cryptocurrency sector. However, it remains unclear to what extent these promises will be realized