Former President Donald Trump has expressed his newfound support for Bitcoin and cryptocurrency, stating that he is now “good with” them. Speaking at an event for Trump NFT holders at his Mar-a-Lago resort, Trump addressed the issue of regulatory hostility, which he believes is causing crypto firms to leave the United States. He emphasized the need to embrace the industry and allow it to flourish within the country.
In an attempt to rally support from crypto advocates, Trump criticized President Biden for his lack of understanding of the industry. He claimed that Biden and his administration are against it, citing Gary Gensler’s negative stance on crypto. Trump acknowledged that while there are many who oppose crypto, there are also a significant number of supporters, possibly including those in the room with him. He stated that he is personally fine with crypto and wants to ensure its stability, urging those who are in favor of it to vote for him.
Furthermore, Trump revealed that he is willing to accept donations in Bitcoin and other cryptocurrencies for his campaign. This marks a notable shift in his perspective, as during his presidency, he had expressed skepticism towards digital assets. He had criticized Bitcoin and other cryptocurrencies for their volatility and potential to facilitate illegal activities such as drug trade.
It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Transfers and trades in these assets come with their own risks, and any losses incurred are the responsibility of the individual. The Daily Hodl, where this article is published, does not endorse the buying or selling of cryptocurrencies or digital assets, and it is not an investment advisor.
