Donald Trump, eyeing the 2024 election, recently softened his stance on Bitcoin. On Fox News, he noted the growing popularity of Bitcoin, stating, "A lot of people are doing it." Even with his past doubts and fondness for the dollar, Trump stated, "You probably have to do some regulation."
This conversation, which is quickly spreading on social media, has taken a turn. Trump finally recognizes Bitcoin's growth. "A lot of people are doing it," he said, recognizing its definite significance in money's future.
Still, Trump's brief warm-up does not imply a complete swing. "I like the dollar," he said firmly, sticking to the tried and true. He's previously been harsh on Bitcoin, calling it a fake and concerned about its danger to the dollar's dominance.
Despite his skepticism toward cryptocurrency, Trump has dabbled in NFTs, most recently with a Bitcoin Ordinals set. As the election heated up, Trump's opinions differed from Joe Biden's tighter grasp on crypto. Biden's plan includes higher fees on mining and tighter regulations on crypto transactions.
Trump's softer stance on Bitcoin, as well as his opposition to a digital dollar, could stimulate discussions about the role of crypto in US policy.
