Trump Reconsiders Bitcoin: 'Not Sure I Would Want to Take It Away'

Former President Donald Trump has shown a shift in his stance on Bitcoin, acknowledging its widespread use and expressing uncertainty about wanting to restrict it.
Trump Reconsiders Bitcoin: 'Not Sure I Would Want to Take It Away'

Key Takeaways

  • Trump expresses openness to Bitcoin's growing use.
  • Bitcoin surpasses $71,000, becoming the 8th largest asset.
  • Trump's remarks signal a shift in political discourse on Bitcoin.

Former U.S. President Donald Trump, known for his critical stance on Bitcoin, recently expressed a more open-minded view on Bitcoin during a CNBC appearance.

He acknowledged the widespread use of Bitcoin, stating, “I’m not sure I would want to take away.”

I sometimes will let people pay through Bitcoin. If you think of it, its an additional form of currency. And I used to say I want one currency, I want the dollar, I don’t want people leaving the dollar. And I feel that way but I will tell you it has taken on a life.

Trump notes Bitcoin’s surge in popularity

Trump’s comments come as Bitcoin’s value and popularity continue to soar.

Bitcoin’s market capitalization has now overtaken that of silver, making it the eighth largest asset worldwide with a market cap of $1.409 trillion.

Significance of Trump’s remarks

Trump’s acknowledgment of Bitcoin’s growing significance marks a shift in the political discourse surrounding cryptocurrencies.

As Bitcoin gains traction among institutional investors and major corporations, its role in the global economy is becoming increasingly difficult to ignore.

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