In a recent conversation, Donald Trump acknowledged that Bitcoin is a legitimate form of digital money and should not be subject to taxes.
Donald Trump has surprised many in the crypto industry by once again expressing his support for Bitcoin, just 6 days before the new presidential elections in the United States.
The former president and current US presidential candidate has recognized Bitcoin as a legitimate form of digital money, marking a notable shift in his stance on the cryptocurrency.
According to reports from Bitcoin Archive on X, Trump commented that Bitcoin is money and if it is used to make purchases, such as paying for a coffee, There should be no associated liens.
His recent statements They contrast sharply with his past opinions, where he had not only disqualified Bitcoin, but also called it a scam and a tool for illicit activities.
Donald Trump's new perspective on Bitcoin
Although in previous years Trump had expressed his disdain for Bitcoin and cryptocurrencies, he has now shown a drastic change in his perspective, recognizing the potential of these digital assets to the point of incorporating them into his political strategy, thus gaining the support of the growing crypto community.
According to experts, Trump's evolving opinion on Bitcoin and cryptocurrencies has been influenced by several factors, including the possibility of raising millions in donations through these digital assets. Furthermore, the former president and current presidential candidate has used crypto assets and blockchain technology to develop several projects, which has allowed him to explore and become more familiar with this innovation.
Bitcoin featured in Trump's presidential campaign
Trump has integrated Bitcoin into his political campaign, making promises that could transform the regulatory landscape for cryptocurrencies in the United States. His proposal includes the creation of a cryptocurrency-based fund using U.S. assets and the generation of Bitcoin reserves. In addition, he has pledged to remove restrictive policies imposed by the current administration, promising a friendlier approach towards the crypto industry that would encourage its development and growth.
One of the highlights of his campaign is his intention to fire Gary Gensler, chairman of the Securities and Exchange Commission (SEC), who has been criticized for his hardline stance on cryptocurrencies. Trump is looking to replace him with someone who shares a more favorable view toward the crypto ecosystem, which could have a significant impact on the regulation of Bitcoin and other cryptocurrencies in the country.
Experts have pointed out that Trump's family has also influenced his entry into the digital world. His sons, Donald Trump Jr. and Eric Trump, have shown interest in cryptocurrencies and have been in contact with experts in the sector for years. All this has led Trump to launch his World Liberty Financial project.
It is also important to note that Trump has already used cryptocurrencies to make payments, such as the buying hamburgers in a bar-restaurant in New York at the end of September.
What could change for cryptocurrencies with Trump in power?
The crypto community has enthusiastically welcomed Trump's change of stance. His recognition of Bitcoin as money and his promise of a friendlier regulatory environment have generated optimism among investors and crypto enthusiasts.
While some have also questioned the sincerity of his change of heart, many see this as an opportunity for the United States to lead the development of blockchain technology and cryptocurrency adoption globally. At this point, several experts have pointed out that if Trump wins the election and maintains a genuine commitment to cryptocurrencies, his policies could open the door to a more favorable environment for cryptocurrencies, which could drive innovation and investment in the sector.
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