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- When asked if he would embrace Bitcoin, Trump stated that many people are adopting Bitcoin and more want to make payments with it.
- Donald Trump expressed his liking for the U.S. Dollar but acknowledged that many people are adopting Bitcoin and suggested that some regulations might be necessary.
- Perianne Boring, the founder of the Chamber of Digital Commerce, warned the crypto community that Trump’s response was “a nuanced answer” and emphasized the need for a clear response from the industry.
US Presidential candidate Donald Trump acknowledged the adoption of Bitcoin and shared his views in a recent appearance.
Trump Acknowledges the Adoption of Bitcoin
When asked if he would embrace Bitcoin as the Republican Party’s presidential candidate in the United States, Donald Trump stated that many people are adopting Bitcoin and more want to make payments with it. His comments received mixed reactions from the crypto industry, considering his previous anti-Bitcoin stance.
In a recent appearance on Fox News’ The Ingraham Angle program, host Laura Ingraham asked former US President Donald Trump whether embracing Bitcoin would be the next logical step. She also touched on topics such as China endorsing its own digital currency, the Digital Yuan or e-RMB, Bitcoin’s decentralized nature, and the enthusiastic support for it among young people.
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Acknowledging the growing popularity of Bitcoin, Donald Trump expressed his liking for the U.S. Dollar but acknowledged that many people are adopting Bitcoin and suggested that some regulations might be necessary. He added, “You see a lot of people want to use it [Bitcoin],” and said:
“You’re seeing something interesting, and I can live with that.”
However, he concluded his answer by expressing allegiance to the US dollar, saying, “I always like a very strong thing, and it’s called the Dollar.”
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Crypto Community Reactions
Despite recent criticisms of Bitcoin and the support for Bitcoin-friendly presidential candidates like Vivek Ramaswamy, Donald Trump’s positive comments on Bitcoin received a positive response from the crypto community.
Perianne Boring, the founder of the Chamber of Digital Commerce, warned the crypto community that Trump’s response was “a nuanced answer” and emphasized the need for a clear response from the industry. Perianne stated, “Let’s not forget the Trump administration blocked spot Bitcoin ETF applications and attempted to ban self-hosted wallets.”
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Bitcoin’s price dropped by more than 1% in the last 24 hours, currently trading at $50,990. The 24-hour low and high are $50,926 and $52,009, respectively. Additionally, the trading volume has decreased by more than 20% in the last 24 hours, indicating a reduced interest among traders.
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