Summary
Former President Donald Trump seems to be softening his stance on Bitcoin, acknowledging that many people are embracing the cryptocurrency. However, he still emphasizes his support for the dollar. Meanwhile, President Joe Biden has been more actively involved in regulating and monitoring the cryptocurrency market. Trump’s shift in tone may be a strategic move as he potentially prepares for the 2024 presidential election.
Key Points
1. Former U.S. president Donald Trump has softened his stance on Bitcoin, acknowledging that many people are embracing it and that he can “live with it one way or the other.”
2. Trump’s previous stance on cryptocurrency was more hardlined, with him stating in 2019 that he is “not a fan of Bitcoin and other cryptocurrencies” and that their value is based on “thin air.”
3. Trump has mentioned plans to regulate the cryptocurrency market and has emphasized his preference for the dollar as the currency of the world.