Donald Trump, former president of the United States and candidate in the upcoming elections, has made a 180-degree turn in his stance against bitcoin, stating that he can live with it.
during a interview On Fox News, the billionaire acknowledged that btc, the leading digital currency, is receiving a lot of attention and taking on a life of its own, stating the need for some regulation around the asset.
Living with bitcoins
Trump said he had seen some interesting incidents around btc, such as more people wanting to pay for goods and services with the cryptocurrency.
Regardless of the growing adoption and utility of btc, the former US president insisted that he will always like one currency: the US dollar (USD).
“Something probably needs to be regulated, as you know. But a lot of people are adopting it and I see more and more people who want to pay for “bitcoin” and are seeing something that is interesting. So I can live with it one way or another. “I have always liked a very powerful thing and it is called the dollar,” he stated.
Trump's recent comments on btc stand in stark contrast to his popular stance on cryptocurrencies in general. He is known for attacking crypto assets and has repeatedly stated that he is not a fan of them.
Trump's anti-bitcoin stance softens
Three years ago, Trump said that investing in crypto assets was a potential disaster waiting to happen. He called bitcoin a scam, insisting it was fake and blaming it for diluting the dollar.
Furthermore, the billionaire urged the relevant authorities to regulate cryptocurrencies “very, very highly” as they harm the dollar. He believed that strict crypto regulation would ease the dollar and restore Americans' investment in the currency.
However, Trump's stance began to soften in 2022 when he announced the launch of his non-fungible token (nft) collection, which sold out within 24 hours of its launch, generating almost a million dollars for the politician. Prior to the launch of her nft, Trump's wife, Melania, launched her collection on Solana the previous year, using the proceeds to raise funds for the education of children in foster care.
Meanwhile, Trump vowed earlier this year to prevent the creation of a central bank digital currency in the US if he is elected president, saying they are a threat to freedom.
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