U.S. President Donald Trump commented on Bitcoin in the context of its advantages, including job creation. This article examines his statements and the realities of the crypto industry.
Trump's Remarks on Bitcoin
On June 27, 2025, at a White House news conference, President Trump referred to Bitcoin as 'amazing,' emphasizing its role in job creation. He also credited his administration with playing a key role in building a crypto industry.
Jobs in the Crypto Industry
With approximately 163 million jobs in the U.S., the addition of 31,000 new positions in the crypto sector accounts for only 0.02% of total employment. The crypto industry encompasses not just mining, but also exchanges, fintech firms, and blockchain startups, though comprehensive job figures for these sectors remain elusive.
Criticism and Limitations
Despite the positive aspects, critics point out downsides such as low wages and insufficient job provision in crypto firms. Additionally, many crypto farms face legal and environmental challenges related to noise and pollution.
In conclusion, while Trump's assertions about Bitcoin have some basis, it is crucial to consider the limitations and challenges facing the crypto industry as a whole.
