Donald Trump, the 45th President of the United States, has had a complicated relationship with Bitcoin and other cryptocurrencies. Throughout his time in office and even before, he has made several statements about Bitcoin and the broader cryptocurrency industry, but his attitude towards these assets has been inconsistent.
Before he became president, Trump had a relatively neutral attitude towards Bitcoin. In a 2013 tweet, he stated that “Bitcoin is a great thing,” and that it “can be used for good and for bad.” However, he also warned that “bitcoin is not a currency” and that “it’s based on thin air.”
During his presidency, Trump’s attitude towards Bitcoin and other cryptocurrencies became more critical. In July 2019, he tweeted that he was “not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.” He also criticized the anonymity of Bitcoin transactions, stating that “unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”
Trump’s attitude towards Bitcoin and other cryptocurrencies also extends to initial coin offerings (ICOs). In November 2017, he stated that “many ICOs are scams” and that they “can be used for illegal activities.” He also said that “the US Securities and Exchange Commission (SEC) should be involved in regulating them.”
Trump’s attitude towards Bitcoin and other cryptocurrencies also became more negative in the later stages of his Presidency. In December 2020, he stated that “Bitcoin, it just seems like a scam,” and he called for stricter regulations on the cryptocurrency market. He also tweeted that “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”
It’s worth mentioning that Trump’s statements about Bitcoin and cryptocurrencies were not always consistent, and his opinions may have changed over time.
In conclusion, Donald Trump, the 45th President of the United States, has had a complicated relationship with Bitcoin and other cryptocurrencies. Before he became president, he had a relatively neutral attitude towards Bitcoin, but his attitude became more critical during his presidency. He has criticized the anonymity of Bitcoin transactions, stating that “unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.” Trump also called for stricter regulations on the cryptocurrency market, stating that “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.” However, his statements about Bitcoin and cryptocurrencies were not always consistent, and his opinions may have changed over time.
