Trump’s Perspective Shift: Bitcoin is Fascinating, but I Still Prefer the Dollar
Trump emphasized his preference for the US dollar and neither supported nor opposed Bitcoin in an interview with Fox News. The host mentioned China’s efforts to promote a central bank digital currency (CBDC), and Trump had previously criticized CBDC in a public speech in January. He stated that if elected, he would ban the Federal Reserve from issuing CBDC, citing potential risks of de-banking and political weaponization. The host then asked if embracing Bitcoin would be a logical next step, considering its decentralized nature and lack of government control. Trump replied that he still preferred the US dollar and neither supported nor opposed Bitcoin. He acknowledged the interesting development of Bitcoin being accepted by the public and the increasing desire to use it for payments. He maintained a neutral stance and expressed his admiration for the strength of the US dollar. Trump’s attitude towards Bitcoin has notably improved compared to his previous statements during his tenure, where he criticized its value as being based on thin air and its involvement in illegal activities.
