Donald Trump is now 'good with' Bitcoin, wants its future 'made in the USA'

Donald Trump, once a vocal critic of Bitcoin and other cryptocurrencies, has recently shifted his stance, now showing support for the digital currency. During his presidency, Trump expressed concerns about Bitcoin, labeling it a potential tool for illegal activities and a threat to the dominance of the U.S. dollar.

Despite these earlier reservations, Trump’s perspective has evolved significantly. This shift in attitude is partly attributed to his financial success with non-fungible tokens (NFTs), which gained substantial value during the cryptocurrency boom of 2021. Trump’s NFT ventures reportedly brought him significant profits, which likely influenced his newfound appreciation for digital assets.

Speaking generally about crypto, Trump concluded, "I'm fine with it. I want to make sure it's good and solid and everything else, but I'm good with it."

That positive rhetoric continued at the Libertarian National Convention on May 25, 2024. In prepared remarks posted to Truth Social, Trump said, "I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field."

Currently, Trump champions a vision for Bitcoin’s future that is firmly grounded in the United States. He argues that the U.S. should lead in cryptocurrency innovation and regulation, ensuring economic benefits and technological advancements associated with digital currencies remain within the country. Trump’s stance includes advocating for policies that would encourage cryptocurrency entrepreneurs and companies to establish their operations in the U.S.

Trump’s current crypto portfolio is diverse, his holdings are valued at approximately $11 million and span various digital assets. This significant investment reflects his confidence in the potential of cryptocurrencies as valuable assets and a hedge against traditional financial systems.