Former President Donald Trump has expressed support for Bitcoin and other cryptocurrencies, claiming that President Biden does not understand the industry.
Regulatory Hostility
Trump criticized the Biden administration for its hostility towards crypto, which he believes is driving companies out of the United States. He pledged to reverse this trend if elected again.
Biden’s Ignorance
Trump accused Biden of being against crypto because he does not understand it. He said that Biden’s hostility is based on ignorance and that many people, including those in the crypto industry, support the technology.
Campaign Donations
Trump announced that he will accept campaign donations in Bitcoin and crypto.
Change of Heart
During his presidency, Trump had expressed skepticism about cryptocurrencies, citing concerns about their potential for illegal activities. However, his recent comments suggest a change of heart.
