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Home»ADOPTION NEWS»Donald Trump, once a Bitcoin skeptic, declared his support for the cryptocurrency in a Truth Social post.
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Donald Trump, once a Bitcoin skeptic, declared his support for the cryptocurrency in a Truth Social post.

By Crypto FlexsMay 25, 20242 Mins Read
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Donald Trump, once a Bitcoin skeptic, declared his support for the cryptocurrency in a Truth Social post.
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People • May 25, 2024, 5:26 PM EDT

Posted 1 minute ago In ~

Updated: May 25, 2024, 5:28 PM EDT

Former President and current leading 2024 Republican candidate Donald Trump expressed his clearest support for cryptocurrencies today in a post on Truth Social he shared just before attending the Libertarian National Convention.

“I am very positive and open-minded about cryptocurrency companies and anything related to this new and fast-growing industry. Our country needs to be a leader in this space,” Trump wrote. He added, “There is no second place,” before comparing himself to Biden, who wants the cryptocurrency industry to suffer a “slow, painful death.”

In recent years, Trump has voiced skepticism about cryptocurrencies compared to the US dollar. “The currency of the world should be the dollar,” Trump said in a 2021 Fox interview. “And I don’t think we should have all the Bitcoin in the world. I think they should regulate Bitcoin very, very highly. “he said. business.

But following the successful foray into Trump-branded NFT trading cards (some “Mugshot Edition NFTs” give holders the chance to have dinner with the Donald after their trial date), cryptocurrency policy is emerging as a critical issue. On the campaign trail in recent weeks, Trump appears ready to solidify his position as a cryptocurrency-supporting candidate.

Trump’s comments came the day before he addressed the Libertarian National Convention on Saturday night. There, he will try to discourage voters from supporting third-party candidate Robert F. Kennedy Jr., who has often espoused pro-cryptocurrency and anti-regulation views. . The post also comes just days after the Trump campaign launched a tool that allows donors to donate in cryptocurrencies, including Bitcoin, Ethereum, Solana, Dogecoin and Shiba Inu.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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