Coins: --
Exchange: --
Total Volume(24h): --
Total Market Cap: --
USD

‘I Can Live With It’: Former President Donald Trump Changes Tune on Bitcoin, Calls for Regulation

Conor Devitt 2024.02.25 01:55

Donald Trump has changed his tune on Bitcoin (BTC).

The former president and presumptive Republican nominee in 2024 fielded a question about the top crypto asset during a Fox News town hall in South Carolina this week.

Trump says he prefers the US dollar but acknowledges that Bitcoin has taken on “a life of its own.”

“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 [in] Bitcoin, and you’re seeing something that’s interesting. So I can live with it one way or the other. I’ve always liked one really powerful thing, and that’s called the dollar.” 

The former president has previously expressed hostility towards the crypto sector. In May 2018, while serving in the Oval Office, he reportedly directed then-Treasury Secretary Steven Mnuchin to “go after Bitcoin [for fraud].”

Three years later, Trump said in an interview that he owned zero cryptocurrencies, arguing that digital assets were “a disaster waiting to happen.”

There have been some hints that the former president has been warming up to digital assets, however.

In December 2022, he launched a collection of non-fungible tokens (NFTs) on the Ethereum (ETH)-based platform OpenSea, weeks after formally announcing his intention to run for the 2024 presidential election.

A financial disclosure filed with the Office of Government Ethics last year indicated Trump owned a cryptocurrency wallet with holdings valued somewhere between $250,001 and $500,000.

 

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Check Latest News Headlines

&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

News