Former President Donald Trump expressed his strong support for Bitcoin, and the wider crypto industry. He called it an important American asset which the US should continue to dominate.
“So I became a fan of crypto, and to me it’s an industry,” Trump said. “I view it as an industry and I’m president and if we didn’t have it, China would or somebody else would, but most likely China.”
Trump highlighted the strategic and economic importance of BitcoinIts relative strength was highlighted during the recent downturns in the market.Â
“In fact, when the stock market went down recently, crypto and Bitcoin and all of that went down much less than anybody else as a group,” He stated. “And we’ve created a very powerful industry and that’s much more important than anything that we invest in.”
Before launching his presidential campaign in 2024, the former president spoke about his involvement with Bitcoin. “I got involved with it a couple of years ago and before this, before the second term, I got involved, before I decided to run… I was in Bitcoin then, not knowing if I was going to do it a third time,” He stressed his decision to run once again.
Trump has also said that Bitcoin will become more mainstream. “It’s the jobs that it produces and I noticed more and more you paying Bitcoin. I mean, people are saying it takes a lot of pressure off the dollar. And it’s a great thing for our country, so I don’t care about investing, you know.”
In conclusion, he said that the US had built an important industry around Bitcoin and cryptocurrency under his leadership. “I have kids and they invest in different things. They do believe in it, but I’m president and what I did do there is build an industry that’s very important and you know if we didn’t have a China would,” Trump said.
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Source: bitcoinmagazine.com
