Position Shift? Donald Trump Says He Can Accept Bitcoin

Despite the growing adoption and utility of Bitcoin, the former U.S. president insists he has and will always prefer one currency: the U.S. dollar (USD).

Former U.S. President and upcoming election candidate Donald Trump has done a 180-degree turn in his stance on Bitcoin, saying he can live with it.Bitcoin Miner

In an interview with Fox News, the billionaire acknowledged that the leading digital currency, BTC, is under a lot of scrutiny and is on the way out, and said that there needs to be some regulation of the asset.

Living with Bitcoin

Trump said he has seen some interesting events surrounding Bitcoin, such as the growing number of people who want to pay for goods and services with cryptocurrency.

Despite the growing adoption and utility of Bitcoin, the former U.S. president insisted that he has and will always prefer one currency: the U.S. dollar (USD).

He said, “As you know, you may need to do some regulation. But a lot of people are accepting it, and more and more people want to pay ‘bitcoin,’ and you’re going to see some interesting things. So I can accept it in one way or another. I’ve always liked one thing that’s really powerful, and that’s the dollar.”Whatsminer Miner

Trump’s recent comments on Bitcoin stand in stark contrast to his general stance on cryptocurrencies. He is known to rail against crypto assets and has repeatedly stated that he is not a fan of them.

Trump’s Anti-Bitcoin Stance Softens

Three years ago, Trump said that investing in crypto assets was a potential disaster. He called Bitcoin a scam, insisted it was fake, and accused it of diluting the dollar.

In addition, the billionaire urged authorities to regulate cryptocurrencies “very strictly” because they hurt the dollar. He believes strict cryptocurrency regulation will weaken the dollar’s dominance and restore Americans’ investment in the currency.

However, Trump’s stance began to soften in 2022, when he announced the launch of his non-homogenized token (NFT) series, which sold out within 24 hours of its release, netting the politician nearly $1 million. Prior to launching NFT, Trump’s wife Melania released her collection on Solana the year before, using the proceeds to raise money for the education of foster children.

Meanwhile, Trump vowed earlier this year to block the creation of a central bank digital currency in the U.S. if elected president because they pose a threat to freedom.