Donald Trump has historically expressed skepticism about cryptocurrencies. During his term in office, he made it clear that he was not a fan of the market, stating in a 2019 tweet that Bitcoin and other cryptocurrencies are “not money” and that their value is highly volatile and based on speculation. He also mentioned that cryptocurrencies could facilitate illegal activities, such as drug trafficking.
After leaving office, Trump continued to express negative views about the crypto market. In interviews, he reinforced his preference for the dollar as the main global currency and criticized anything that could threaten that status, including cryptocurrencies and projects like Meta (formerly Facebook)’s Libra.
However, Trump is also a political figure who knows how to exploit trends and popular movements. Should he speak about crypto again, it is possible that his comments will be influenced by the current political and economic climate. For example, he could use the topic to criticize the current administration, attack regulation, or link cryptocurrencies to economic and geopolitical issues, such as the digital dollar and competition with other national digital currencies, such as China's digital yuan.
If he changes his stance, it could reflect a more pragmatic strategy to attract voters or investors who see the future in crypto. In any case, any statement from Trump on the topic is likely to move markets, given the impact of his words.