Donald Trump made history by becoming the first sitting U.S. president to address a cryptocurrency conference. At the Blockworks Digital Assets Summit, Trump not only promised to make the U.S. the "crypto capital of the world," but also praised the "pioneers" of the sector for their potential to revolutionize the banking system and expand the dominance of the dollar. He even mentioned stablecoins as if they were the new national hero. Who would have thought! The same man who once tweeted furiously against everything was now talking about blockchain and financial privacy.
But it wasn't all celebration. While institutional investors applauded the historic gesture, Bitcoin maximalists and retail investors were scratching their heads. Justin Bechler, a fervent advocate of #bitcoin , did not hold back and labeled the event as a meeting of "state-approved surveillance tokens." And to top it off, the price of Bitcoin fell by 7.3% after the summit, as if the market had said, "Thanks, but no thanks."
In summary, Trump tried to win over the crypto world with pompous words and executive orders, but the community, as always, was divided between those who saw it as a step forward and those who felt it was a misstep. What is clear is that cryptocurrencies are no longer just for "tech nerds": they now have a place at the political table, even if that table is a bit wobbly at times.
