Donald Trump's stance on Bitcoin is changing

[pakhitheboss]

He is a politician and everything that he says is for his benefit. Considering his new statement on Bitcoin does not make him a Bitcoin enthusiast and someone interested in Bitcoin as he is a real estate guy. I think he saying it because of Vivek Ramaswamy as he was one of the big advocates of Bitcoin. I was able to find his vision about Bitcoin and other cryptocurrencies in this article. We all know why he withdrew from the contest and it is his influence that has prompted Trump to talk about Bitcoin and his vision if he gets elected as a President of the US.

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[Kakmakr]

You have to read between the lines when politicians say anything, because it always has some kind of agenda.

His team obviously noticed that a lot more people are now interrested in Bitcoin and that it is a untapped opportunity to get more voters, if they start to support it.  

In the end, whatever they  say now... will change a lot by the time when they win the election.

[cr1776]

After PayPal, Stripe etc cut off some Trump related entities from them back in Jan 2021, e.g. unbanked them he should be embracing it.  A censorship resistant form of money helps everyone avoid the fascist authoritarian tendencies of many of the left who want to cut people they disagree with off from the financial system.  

If those types of entities are willing to cut off the President of the United States and a billionaire at that, no one else is safe.

[bettercrypto]

Did you think that Trump will not win the primaries flawlessly? He would have won becuase he is very influential and he was the former United States president. The only obstacle he has in the presidential election is his rival Biden which is the present US president.

The crypto community also commented that he may be looking for vote from crypto community. But be it that, I like that the adoption of bitcoin has proven itself with masses which are now bitcoin holders and the approval of bitcoin ETF in the United States.

When Trump really wins to be the President of the US, for sure, the US will be relaxed about blockchain technology and other digital currencies like Bitcoin, cryptocurrency, and NFTs. I even remember that Trump bought an NFT that was worth millions of dollars.

It's just that he should get over what Biden did to him again, because in the last election, I don't seem to understand if Trump was cheated by Biden, because when it comes to campaigns, there are always only a few people who show up for Biden, and while Trump was in a rush and then Biden won in a blink of an eye, I hope that doesn't happen again.

[thecodebear]

ewwwwww. Trump is the most corrupt awful incompetent politician America has ever had. Nobody with any sense of reason or morality supports that terrorist. Him maybe starting to kind of like Bitcoin does absolutely nothing to change absolutely everything else about him. OP, if you don't know anything about Trump please don't post on here like it might be good if he became president again just because he may end up liking bitcoin a little bit.

Anyway, there's a very good chance he'll be spending the rest of his life in prison soon with all the trials going on right now, rather than terrorizing America from the white house. As an American, Trump serving the rest of his life in prison for his many awful crimes against America is the only outcome that would help America regain its standing in the world. Bitcoin will be fine.

[avikz]

I personally wouldn't trust a politician. Looking at the current situation of the primaries, Biden doesn't look like a strong contender against Donald Trump. As of now, Donald is leading with 107 delegates against 91 for Biden. So the chance is very high.

But when it comes to Bitcoin and what Donald trump thinks about it, I wouldn't trust him. It is very well possible for him to manipulate the crowd by showing support towards cryptocurrency. Could be a way to gather the vote from crypto community who are under constant attack from the regulatory agencies in US. Don't jump into conclusion yet. Let's wait and watch.

[Rufsilf]

Like most people on this topic, I don't think I can completely trust what politicians have to say. Because, in my opinion, they frequently change their statements to reflect the opinions of the voters at the time. From his previous remarks, I find it hard to believe that Trump has been showing an interest in bitcoin lately. After all, as a politician, he is constantly changing his statements to fit the narrative and win over support from voters as the election approaches. I believe that one strategy used by politicians worldwide is to influence public opinion through their words and uncertain promises.

[eightdots]

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe. This is certainly shocking and very unexpected. I did not know bitcoin and the cryptospace would bring him much votes because why is he doing this if this is not a trick for bitcoiners to vote him?

In politics, we can hear all kinds of unconventional remarks. There may be politicians who adopt unexpected ideas or not. All of this is vote potential and no one can ignore this vote potential.

Bitcoin has already been embraced and we can see this with the approval of ETFs. Bitcoin is no longer an unknown topic for America. That's why we often hear positive things about Bitcoin from politicians.

When listening to a politician, it is important to understand what he actually wants to say. Sometimes it is hard to see the message, but it is still important to be careful when listening to politicians and analyze their words in detail.

[pooya87]

I seriously doubt he even knows what Bitcoin is. His advisers probably told him that it is a buzzword that could potentially get him some votes. Otherwise politicians' stance on Bitcoin, specially in US, is not going to change much. They hate it but they don't want to show it...

[Maus0728]

Don't get such a hard on for Trump guys, remember that he's a politician and a businessman, he's got a way with his words, you see how he didn't directly addressed bitcoin but mentioned it as a subtopic, a classic politician's tactic of getting out of the question without completely dismissing it. We all need to remember that no matter who we vote, the government is never the friend of bitcoin in the first place, ever in the span of bitcoin, the government will always find ways to antagonize bitcoin if not the people that are using it. Vote wisely and make sure that you're putting the right people in office to run your country.

[WatChe]

I seriously doubt he even knows what Bitcoin is. His advisers probably told him that it is a buzzword that could potentially get him some votes. Otherwise politicians' stance on Bitcoin, specially in US, is not going to change much. They hate it but they don't want to show it...

Everyone loves Bitcoin in his personal views but once he take over a public office his views are according to that office. May be Trump has knowledge of Bitcoin but once he take over the seat of President of USA his views will be according to US government policy. There is little chance that stance of USA government will change about Bitcoin whether president is Trump, Biden or any other person.  

[serveria.com]

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe. This is certainly shocking and very unexpected. I did not know bitcoin and the cryptospace would bring him much votes because why is he doing this if this is not a trick for bitcoiners to vote him?



Former United States President Donald Trump and the leading Republican candidate for November’s election appears to be warming toward Bitcoin  BTC +1.25% , having been critical of cryptocurrencies in the past.

In January, Trump said he'll “never allow” central bank digital currency issuance in the U.S. if elected. “Such a currency would give the federal government, our federal government, absolute control over your money… They could take your money and you wouldn’t even know it was gone,” he warned at the time.

In a recent town hall on Fox News, alongside South Carolina Senator Tim Scott, Trump was asked if the next logical step was for him to embrace Bitcoin, given that it’s decentralized, the government can't get its hands on it and all the young people who are particularly interested in it, host Laura Ingraham suggested.

“I always liked one currency. I call it a currency. I like the dollar, but a lot of people are doing it [Bitcoin] and frankly, it's taken on a life of its own,” Trump replied. “You probably have to do some regulation, as you know, but many people are embracing it. And more and more, I'm seeing people wanting to pay Bitcoin, and you're seeing something that's interesting, so I can live with it one way or the other.”

Read in full https://www.theblock.co/post/278786/donald-trump-bitcoin-embracing

Frankly, I'm not surprised by this news. More and more Bitcoin naysayers are admitting Bitcoin is here to stay (except Jamie Dimon haha). Trump is not stupid, he can see the positive aspects of Bitcoin.

[Huppercase]

“I always liked one currency. I call it a currency. I like the dollar, but a lot of people are doing it [Bitcoin] and frankly, it's taken on a life of its own,” Trump replied. “You probably have to do some regulation, as you know, but many people are embracing it. And more and more, I'm seeing people wanting to pay Bitcoin, and you're seeing something that's interesting, so I can live with it one way or the other.”[/i]

Read in full https://www.theblock.co/post/278786/donald-trump-bitcoin-embracing

"Election is coming, election is coming and election is coming, how do I win this vote to send out Joe Biden? We need to get every community that we don't like, embrace them with open arms and after we win, we can run after them". This is the concept of politicians and we failed to realize how they used and dump people when they are done.

Trump is one the no zero tolerance with any concept that is after his government and we know bitcoin is all about not giving into th government or any form of centrality. Trump was there 4 years in office and never liked Bitcoin despite when the last bull run was before he left office yet didn't recognize Bitcoin, it's now he think it's perfect time to sweet talk about Bitcoin, let him go and do his campaign fake promises else somewhere where they do the usually lie to convince people to get into office, I wonder if this guys have a shame left before they speak.

[Ale88]

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe. This is certainly shocking and very unexpected. I did not know bitcoin and the cryptospace would bring him much votes because why is he doing this if this is not a trick for bitcoiners to vote him?

I don't think this is a tactic to help Trump get more clearance votes expressing his positive views in favor of bitcoin. Remember that those in power will do what they feel is in the best interest of the country first, and if things do not get a positive economic balance then it will be a good idea to turn your back on things. It's not surprising that he declared it

Mmm in general I don't like politicians, I don't think that the majority of them have their own country and people as first priority otherwise many things wouldn't be happening. And I'm not American but I'm not sure Trump cares too much about his own country, his legal position is very complicate so becoming president again would hugely help him to get rid of many of his personal problems. And to be honest I don't even understand how he's allowed to run for president due to his current situation and processes.

[philipma1957]

I think it's a calculated political move. He was anti-Bitcoin because he's old and because he was playing on "America First" idea, believing that it presupposes the Dollar First as well. But then, for the upcoming elections, one of his major contestants for the Republican nomination was DeSantis who made Bitcoin a major part of his campaign, linking it to the idea of freedom as minimal state intervention into processes, which is appealing to many Republicans. Now that DeSantis is out of the race, Trump needs to gather his former supporters around him, and making a milder statement about Bitcoin is a way to do it.

well if he makes some decent btc laws once he is elected good.

we should know by nov if he wins.

since liz warren is super anti btc maybe he will do it just to fuck with her.

[famososMuertos]

People begin to create news patterns, where there is nothing, that is, They want to direct that news to their north of thoughts.

Then, there is nothing here beyond what the news literally is.

Ah! please!! stop mentioning LF as mayor of bitcoin, he only Seeing a percentage of profit in bitcoin. So, we are only interested in him managing the entries and exits of your ETF well.

[FinneysTrueVision]

Cryptocurrencies in general attract the attention of grifters so it would not be surprising that Trump is beginning to speak more positively about Bitcoin after making millions from his NFT collections. Trump is only pro-Bitcoin as long as it’s possible to make money from shitcoins. It’s no different from Brian Armstrong saying he supports Bitcoin despite Coinbase taking actions that are hostile towards Bitcoin. Armstrong and Trump may not care about Bitcoin but they need it to continue existing and being seen as legitimate by regulators because it enables them to continue promoting their own shitcoinery without much obstruction.

[adaseb]

His stance changed about a year ago when he started to pump his Trump Card NFTs. Sure it was on the Ethereum network and not bitcoin but you can’t love one and not the other.

I think his PR probably decided it’s better to be pro bitcoin to get more votes. There are millions of voters which hold crypto and one of their key decisions will be how the next president treats crypto. We don’t want some president that will be anti crypto and try to ban it.

[wxa7115]

I don't think this is a tactic to help Trump get more clearance votes expressing his positive views in favor of bitcoin. Remember that those in power will do what they feel is in the best interest of the country first, and if things do not get a positive economic balance then it will be a good idea to turn your back on things. It's not surprising that he declared it

But it's really nice that he is expressing a positive opinion on bitcoin, I remember he also expressed before that bitcoin is really harmful to the US economy when he was still in office President, maybe that information is wrong but I don't pay too much attention. Because really, with bitcoin, it exists without too much influence on someone's judgment, support/opposition, bitcoin will still exist and develop.

Trump is on a crusade to win back the presidency of the United States, anything he says has as a purpose to gain voters, and even if for some reason this was not true, this is the only way we can interpret his actions as he is in the middle of a campaign.

Trump’s team probably realized there is a set of voters which may like a more liberal stance of the federal government towards bitcoin, and speaking to them in this way may gain him some valuable votes, but do I think Trump has really changed his stance and we may expect some positive news in the case he won? Absolutely not, and if he did I will be surprised it happened.

[icalical]

Trump might not be an honest or sincere person, but he is definitely not dumb, he needs people's vote, and at the very least he wouldn't let the US economic and financial sector to get left behind, because the US is where he can get money and get richer. I am not a US citizen, but if I were, I wouldn't be too excited about this news, it is a good news but even if his policy are more supporting for Bitcoin he and his allies will be the one who get the most benefit.