Former U.S. Vice President Donald Trump He has now become a strong supporter for Bitcoin. His previous attitude towards Bitcoin and crypto was a complete 180 degree turn.
A recent interview conducted with Bloomberg BusinessweekTrump claimed that Bitcoin was a fraudulent currency “not going away” And wants the U.S. as a leader in Bitcoin and cryptocurrency innovation, before China or other countries.
NEW 🇺🇸 President Donald Trump says the US must embrace #Bitcoin Crypto to compete in world competition
“China is into it. It’s not going away.” 🔥 pic.twitter.com/nnlmpavJC5
— Bitcoin Magazine (@BitcoinMagazine) July 18, 2024
Trump has made a big shift in his attitude towards Bitcoin. After experimenting with crypto, and accepting Bitcoin lightning donations During his campaign in 2024.
“My experience with it has been amazing,” Trump’s comments about Bitcoin and cryptocurrency. “I’ve seen how it works. It’s been really eye-opening.”
Trump is cited China’s The U.S. needs to be a leader in the crypto and Bitcoin industry because of its rapid growth. “China is very much into it. If we don’t do it, China is going to pick it up. I don’t want to be responsible for allowing another country to take over this sphere,” “He said”
Bitcoin mining is a priority for the former President of America. “We want all the remaining Bitcoin to be mined in the USA.” He is against a digital currency, saying it would be unsustainable. “take away the importance of the dollar.”
You can also find out more about Bitcoin supporter J.D. Vance Trump, now that he has a running mate in the form of Jared Kushner, seems to be determined to make Bitcoins and Cryptocurrencies a key issue. He will be giving a keynote address at the forthcoming Bitcoin 2024 conference in Nashville next week.
Trump’s embrace shows just how far Bitcoin is in terms of mainstream acceptance. Trump, whose chances of regaining the presidency are rising, may soon have the opportunity to introduce major Bitcoin policies.
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Source: bitcoinmagazine.com