As he runs for president again in 2024, Donald Trump now seems more receptive to cryptos, particularly Bitcoin, which he previously called “a scam.” Has he taken the Orange Pill, or is he simply seeking pardon from voters?
Trump softens his position on Bitcoin!
During a recent appearance on the show “The Ingraham Angle” on Fox News, Donald Trump surprised everyone by significantly softening his position regarding Bitcoin.
Interrogates by presenter Laura Ingraham to find out if he was now in favor of its adoption, Trump admitted that “ more and more people are using it » and that he “ sees people wanting to pay in Bitcoin“.
Certainly, Mr. Trump reaffirms his attachment to the dollar, “something very strong ” according to him. However, he now admits that he could “ live with Bitcoin one way or another“. An astonishing statement from someone who until recently described crypto as a “scam” whose value, according to him, was based only “on thin air”!
The dollar remains Trump’s priority
Although Donald Trump seems to take a less critical stance towards crypto, the former US president bluntly reaffirms his unwavering commitment to the dollar as an international reference currency.
“ I like the dollar. I always loved the dollar“, he hammered forcefully during his appearance on Fox News this week. True to form, Mr. Trump reiterated, to loud applause from the audience, his well-known wish to see the greenback become “the currency of the world”.
In reality, this slight shift in Trump’s speech with regard to Bitcoin is above all a matter of political pragmatism. As he seeks a return to the White House in 2024, the former president must deal with the growing appeal of digital currencies among a significant segment of the electorate, particularly among young people.
However, if he appears less hostile, Donald Trump nonetheless remains fundamentally attached to the dollar and the international supremacy of the greenback made in the USA.
Necessary regulation of the crypto market
Certainly, Donald Trump now displays a less clear-cut position regarding Bitcoin. However, the former president believes that some regulation of the crypto market remains necessary.
Responsible regulation indeed seems required to better regulate this market, clarify the sometimes vague legal status of cryptocurrencies and strengthen investor protection.
It remains to be seen whether or not this regulation would be relaxed under a possible second Trump term. Remember that during his first presidency, the American stock market watchdog (SEC) firmly opposed the introduction of Bitcoin ETFs, depriving traditional investors of easy access to this new asset class.
Conversely, his successor Joe Biden had once considered imposing a prohibitive 30% tax on Bitcoin mining activities in the United States, sparking controversy.
By displaying less clear-cut positions towards cryptos, Donald Trump is undoubtedly seeking to appeal to certain voters, particularly among the youngest. A Bitcoin-friendly candidate strategy for 2024?
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