Donald Trump Draws Attention with Bitcoin Statement: ‘I Can Live with It!’

  • 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

Bitcoin-BTC

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.

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.”

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.”

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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Price Surge Predicted: Analyst Sees BTC Hitting $650,000 Fueled by ETFs

Get the latest insights on Bitcoin's potential trajectory – could the dominant cryptocurrency surpass gold's market cap and reach new heights?

Bitcoin Halving to Spark Supply Shock, Says Samson Mow – Omega Time Ahead?

Influential Bitcoin advocate Samson Mow offers a bullish outlook on Bitcoin's future, citing the upcoming halving and growing ETF inflows as key drivers. Here's why he believes the current market turbulence could lead to a surge in BTC price.

Bitcoin Price Plunge Continues: Analysts Predict Further Drops to $59K

Bitcoin's rollercoaster ride continues, with experts weighing in on where the bottom might lie. Get the latest price analysis, predictions, and insights into what these movements could mean for your crypto portfolio.

Bitcoin and Altcoins Face Correction Risk as Rate Cut Expectations Decline

Discover why Bitcoin and other cryptocurrencies may be on shaky ground, as economic indicators point to a potential market correction. Get expert insights on shifting market dynamics and what it could mean for crypto investors.

Bitcoin Price Outlook Dims as Crypto Stocks Slump, Peter Schiff Raises Doubts

Get the latest insights on the bearish trend in crypto markets, Peter Schiff's skepticism, and the impact on Bitcoin's price potential.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Will WLD See $11 Again? Current WLD Analysis

WLD coin's daily technical analysis provides direction for long-term traders by indicating support and resistance levels.

Where Will NEO’s Rally Continue? Updated NEO Analysis 15 April

NEO gained strength from the support levels determined in the previous analysis and rose to its current price of $22.66, targeting $25.

Is DYDX Ready to Start a New Rally? Latest DYDX Analysis 15 April

Following its recent fall, DYDX rebounded strongly to $2.28, and it is indicated that if it can sustain 3-day candle closes above this resistance level, the upward trend may continue.

Is Solana in a Long-Term Buy Zone? Current SOL Analysis 15 April

Following its recent decline to $118, Solana surged back to $145 with robust purchases; for long-term investors, the $132.40 to $121.36 range is seen as potential buying areas.

Will ARB Start Its Ascent? Latest ARB Analysis 15 April!

According to the analysis of ARB coin, staying above $0.98 could set it on a path to reach $1.90.
Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
spot_imgspot_imgspot_imgspot_img

Bitcoin Price Surge Predicted: Analyst Sees BTC Hitting $650,000 Fueled by ETFs

Get the latest insights on Bitcoin's potential trajectory – could the dominant cryptocurrency surpass gold's market cap and reach new heights?

Bitcoin Halving to Spark Supply Shock, Says Samson Mow – Omega Time Ahead?

Influential Bitcoin advocate Samson Mow offers a bullish outlook on Bitcoin's future, citing the upcoming halving and growing ETF inflows as key drivers. Here's why he believes the current market turbulence could lead to a surge in BTC price.

Bitcoin Price Plunge Continues: Analysts Predict Further Drops to $59K

Bitcoin's rollercoaster ride continues, with experts weighing in on where the bottom might lie. Get the latest price analysis, predictions, and insights into what these movements could mean for your crypto portfolio.