The politician noted that BTC has carved out its niche and is becoming an increasingly common means of making transactions

Donald Trump recognizes the growing popularity of BTC

23.02.2024 - 08:35

176

2 min

What’s new? During an appearance on The Ingraham Angle program on Fox News Channel, former US President Donald Trump noted the growing popularity of bitcoin, especially among the younger generation and African-American communities. At the same time, he stated “The dollar will always be the currency of the world.” The politician recognized that BTC has found its niche, is gaining “independent momentum” and is becoming an increasingly common means of making transactions.

Material by BNN Breaking

What else is known? Trump has suggested that bitcoin’s growing acceptance may require greater regulatory scrutiny, echoing an ongoing debate in financial and government circles.

In 2019, Trump spoke out against bitcoin, saying the asset “looks like a scam” and he does not like it “because it's another currency competing with the dollar.” At the time, he noted that BTC is “volatile and based on air.” Trump said that “unregulated cryptoactives can facilitate illegal behavior, including drug trafficking and other illicit activities.”

Trump promises to prevent the creation of a digital dollar if re-elected president

Trump promises to prevent the creation of a digital dollar if re-elected president

According to him, the asset poses a threat to the freedom of US citizens

Read more

In December 2022, Trump released the first NFT collection, which sold out in less than 24 hours. On April 4, following Trump’s indictment in the financial forgery case, sales of the collection surged by 462%.

That same month, Trump launched a second series of the NFT collection, which also sold out in 24 hours. The set included 47 000 tokens featuring the former president’s image priced at $99 and brought in more than $4,65 million.

In December 2023, Trump launched a third collection of non-fungible tokens dedicated to the criminal charges against him. The cost per NFT was $99.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy