Understanding Trump’s Changing Stance on Bitcoin: From Calling it ‘Scam’ to Attending Nashville Conference
The post Understanding Trump’s Changing Stance on Bitcoin: From Calling it ‘Scam’ to Attending Nashville Conference appeared first on Coinpedia Fintech News
Nashville will soon be in the political spotlight as former President and current Republican nominee Donald Trump is set to visit the city on Saturday. Trump is expected to speak at the country’s largest Bitcoin conference, generating significant excitement in the crypto industry over what he might announce.
Former President Trump, who once called Bitcoin a scam, will headline the industry’s biggest gathering. Brandon Green, organizer of the 2024 conference, said that his team has been in talks with Trump for a while, discussing what they see as sound Bitcoin policy. Green anticipates that Trump’s speech at the conference will be headline-making and potentially historic.
What Trump Said in 2019?
Trump tweeted, “I am not a fan of Bitcoin and other cryptocurrencies which are not money and whose value is highly volatile and based on thin air. Unregulated crypto assets can facilitate unlawful behavior.”
What Trump Said in 2021?
“I’m a big fan of the dollar, I’m a big fan of our currency, and I don’t want to have other currencies coming out and hurting or demeaning the dollar in any way,” Trump told Yahoo Finance’s Adam Shapiro.
What Trump Said in 2022?
“Bitcoin, it just seems like a scam. I was surprised, with us it was at 6,000 and much lower. I don’t like it because it’s another currency competing against the dollar, essentially it’s a currency competing against the dollar. I want the dollar to be the currency of the world,” he said in his interview with Fox News’ Stuart Varney.
Conclusion
Trump’s views on cryptocurrencies have shifted recently. After a failed assassination attempt on him, Bitcoin’s value increased. In the past few months, Trump has shown more interest in digital assets and his choice of J.D. Vance as his vice-presidential candidate shows a pro-crypto stance. Vance, who is a known supporter of cryptocurrencies, has Bitcoin as part of his investments.
