At a recent press conference, Donald Trump stated the positive influence of Bitcoin on the U.S. economy and the dollar's international standing.
Trump on Bitcoin and Its Economic Impact
Donald Trump emphasized the importance of Bitcoin for job creation and strengthening the international position of the dollar. He noted that during his presidency, the crypto industry developed significantly due to his administration's vigorous actions.
Trump's Investments in Crypto Assets
Trump revealed his personal investments in Bitcoin prior to his presidency, adding that his children have also started investing in this asset. Reports indicate that Trump Media now holds over $2 billion in Bitcoin, making it one of the largest corporate holders of such an asset.
The Future of the Crypto Industry Under Trump
Trump also announced plans to launch a token associated with the Truth Social platform, which suggests deeper integration of cryptocurrencies into the U.S. economy. Additionally, his actions in decentralized finance have led to significant revenues flowing into his company, World Liberty Financial.
Trump's support for Bitcoin could represent a significant step toward strengthening the position of cryptocurrencies on the global stage and transforming the U.S. financial system.
