United

Bitcoin

President Donald Trump

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Donald Trump

<div class="finbold">
 <p class="paragraph">Former United States President Donald Trump has addressed the growing popularity of Bitcoin (BTC) and the importance of having a regulated environment for the asset.&nbsp;</p>
 <p class="paragraph">While speaking during a recent Town Hall interview with <em>Fox News</em> host Laura Ingraham, Trump pointed out that there is growing adoption of Bitcoin while highlighting that the asset has ‘taken a life of its own’&nbsp;&nbsp;</p>
 <p class="paragraph">At the same time, Trump suggested that with its popularity, there is a need for <a rel="noopener noreferrer nofollow" title="regulation" href="https://thebittimes.com/tag/regulation.html">regulation</a>s in managing the cryptocurrency if it were to be formally embraced in the US.&nbsp;</p>
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 <p class="paragraph">However, Trump expressed his skepticism about the possibility of utilizing Bitcoin as currency, stating that he prefers one legal tender such as the dollar.&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“But a lot of people are doing it [Bitcoin], and frankly, it has taken a life of its own. You probably have to do some <a rel="noopener noreferrer nofollow" title="regulation" href="https://thebittimes.com/tag/regulation.html">regulation</a>, as you know, but many people are embracing it. I’m seeing people wanting to pay Bitcoin, and you’re seeing something that’s interesting, so I can live with it one way or the other,” he said.&nbsp;</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-trump-s-past-bitcoin-skepticism-nbsp">Trump’s past Bitcoin skepticism&nbsp;</h2>
 <p class="paragraph">This marks a notable shift in Trump’s stance on cryptocurrencies, as he had been substantially critical of Bitcoin during his presidency, describing it as not being money and having a volatile value based on “thin air.”</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“I am not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” he said back in 2019.&nbsp;</p>
 </blockquote>
 <p class="paragraph">The former President’s statements come amid the ongoing debate surrounding cryptocurrency <a rel="noopener noreferrer nofollow" title="regulation" href="https://thebittimes.com/tag/regulation.html">regulation</a>s, with governments worldwide considering how to address the rapid growth of digital currencies.</p>
 <p class="paragraph">Additionally, Trump’s stance follows his pledge to block any possible creation of a central bank digital currency (CBDC) if elected. According to Trump, there is a need to outlaw a CBDC, noting that it is a move to protect financial privacy and defend the Second Amendment.&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“I will fully uphold the Second Amendment. I will never allow the creation of a central bank digital currency where they can rob your money. We will protect innocent life, and we will restore free speech,” Trump remarked.</p>
 </blockquote>
 <p class="paragraph">Despite his skepticism towards cryptocurrencies during his tenure, it is noteworthy that Trump has ventured into the world of non-fungible tokens (NFTs) by launching three collections since leaving office.&nbsp;</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/donald-trump-says-bitcoin-has-taken-a-life-of-its-own-calls-for-regulations-tbt80720.html">https://thebittimes.com/donald-trump-says-bitcoin-has-taken-a-life-of-its-own-calls-for-regulations-tbt80720.html</a></p>

Donald Trump says Bitcoin has ‘taken a life of its own’, calls for regulations

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