Trump over bitcoin
Trump has changed his tune on bitcoin. From being anti-bitcoin and calling it a scam during his presidency, Trump now says it’s something he can live with while acknowledging growing demand.
During a recent interview with Fox Network, Trump was asked about his views on the rise of China’s digital currency and whether the right way to combat it is through bitcoin, a decentralized network. Trump responded that the US dollar is still the top currency for him, but at the same time he acknowledged the growing popularity and adoption of bitcoin.
Donald Trump was asked about #bitcoin pic.twitter.com/bLA8TMMy5g
— Pledditor (@Pledditor) February 23, 2024
“I like the dollar, but a lot of people are doing it (bitcoin), and honestly, it has taken a life of its own. You probably have to do some regulation, as you know, but a lot of people embrace it. And more and more I see people who want to pay with bitcoin, and you see something that’s interesting. So I can live with it somehow,” Trump explains.
Trump’s recent change of position on bitcoin contrasts with his previous views when he was president. At the time, Trump not only condemned Bitcoin, but also called it a scam and reportedly ordered the Treasury Secretary to “go after Bitcoin.”
Trump is currently campaigning for the 2024 US presidential election, and people believe his recent change of position on bitcoin is due to that. Many users on X believe that Trump cannot ignore the growing crypto community. Others also point out that he is simply “doing exactly what Trump does best” – he is not committing to anything.
Tactics
Crypto proponents believe Trump is purposefully following a pro-BTC phrase with a pro-USD phrase to gauge opinion. People compared it to a mechanism to see which direction is most popular with the voter. Many politicians have used cryptocurrency in their campaigns over the years as a way to attract a new generation of voters and appeal to tech-savvy voters.
He’s doing exactly what Trump does best -> doesn’t fully commit one way or the other. He purposefully drops in 1 pro-BTC sentence, then 1 pro-USD sentence. He does this as a fishing mechanism to see which direction is going to be most popular with the voting population.
(1/2)— Blairja (@Blairja) February 23, 2024
Trump is currently the frontrunner for Republican presidential nominee, competing with fellow Republican Nikki Haley.
Source: https://bitcoinmagazine.nl/nieuws/trump-is-niet-meer-anti-bitcoin-en-kan-ermee-leven
