NewsletterDonald Trump Allusively Endorses Bitcoin As People Embracing It, Says “I Can Live With It”
Highlights
- Donald Trump says many people are embracing Bitcoin and more wants to pay in Bitcoin
- Trump confirms Bitcoin need to have some regulations, but he likes US dollar
- Chamber of Digital Commerce founder Perianne warns community about a "roundabout non-answer" by Trump
United States Presidential candidate for the Republican Party, Donald Trump, was asked if he would embrace Bitcoin, he said many people are embracing Bitcoin and more wants to pay in Bitcoin. His comments garnered mixed reactions from the crypto industry as he is anti-Bitcoin.
Donald Trump Finds Bitcoin Interesting, But Stays Loyal to US Dollar
During an appearance on The Ingraham Angle on Fox News recently, host Laura Ingraham asked Former US President Donald Trump if embracing Bitcoin is the next logical step. She also pointed out China pushing for its own digital currency Digital Yuan or e-RMB, Bitcoin is decentralized, and young people enthusiastically support it.
Acknowledging the growing popularity of Bitcoin, Donald Trump said he likes the Dollar, but a lot of people are embracing Bitcoin and we need to have some regulations. Also, “More and more people I am seeing people wanting to pay in Bitcoin”.
“You’re seeing something that’s interesting, I can live with it.”
However, he ended the answer by showing allegiance to the US dollar, “I always like one really powerful thing and that’s called the Dollar.”
Also Read: XRP Lawyer Deaton In Game Changing Lead Against Senator Elizabeth Warren
Crypto Community Reactions
Despite recent attacks on Bitcoin and bashing pro-Bitcoin presidential candidates such as Vivek Ramaswamy, Donald Trump’s pro-Bitcoin comments sparked positive reactions from the crypto community.
Chamber of Digital Commerce founder Perianne Boring cautioned crypto community that “this is a roundabout non-answer” and the industry must wait for a clear answer.
“Let’s not forget the Trump admin blocked spot Bitcoin ETF applications and tried to outlaw self-hosted wallets,” added Perianne.
BTC price fell over 1% in the past 24 hours, with the price currently trading at $51,097. The 24-hour low and high are $50,926 and $52,009, respectively. Furthermore, the trading volume has decreased further by 20% in the last 24 hours, indicating a decline in interest among traders.
Also Read: Bitcoin Miner Riot, Texas Blockchain Council Files Lawsuit Against US DOE, EIA, OMB
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