Former President Donald Trump doubles down on his pro-Bitcoin stance, saying the US must take the lead in Bitcoin and crypto or risk being left behind. Trump has emerged as an outspoken supporter of Bitcoin during his 2024 election campaign.
Trump became the first president of the United States Accept Bitcoin Lightning payments and opposes central bank digital currencies. During the campaign, he promised to keep regulators away from Bitcoin if elected.
Yesterday in Wisconsin, Trump further stated that he will “put an end to Joe Bidens war on crypto” to secure America’s future. He added new comments that “We’re going to make sure the future of crypto and the future of Bitcoin is made in America, otherwise other countries will get it.”
JUST IN: 🇺🇸 Donald Trump says "To further secure America’s future and create opportunity for young people, I will end Joe Biden’s war on crypto."
"We will ensure that the future of crypto and the future of #Bitcoin will be made in America, otherwise other countries will… photo.twitter.com/NmmM2J3kIq
— Bitcoin Magazine (@BitcoinMagazine) June 18, 2024
This marks a shift. Trump explicitly states that he wants the US to lead in Bitcoin; otherwise, rivals will overtake it.
Trump’s embrace of Bitcoin reflects Bitcoin’s game theory. As Bitcoin becomes too popular to ban, politicians realize they need to support it to attract Bitcoin-friendly voters.
The US risks falling behind in the technological and financial race if it shuns Bitcoin and crypto innovation. Trump understands that the US must lead in this crucial new domain.
Whether genuinely supportive or opportunistic, Trump is seizing Bitcoin’s political capital. He knows that supporting Bitcoin can win votes, while attacking it risks alienating a passionate base.
Other countries are pursuing pro-Bitcoin policies to attract economic growth and talent. To remain competitive, America must become a welcoming hub for Bitcoin and crypto developments.