Comment on How Trump flipped from bitcoin skeptic to 'crypto president'

How Trump flipped from bitcoin skeptic to 'crypto president'

Former President Donald TrumpRyan Collerd/AFP/Getty ImagesDonald Trump was not always a crypto supporter, but he's recently voiced strong support for the industry. Political spending by the industry has made crypto an election issue for both parties, a source told BI.The former president's pro-crypto stance is making bitcoin a "Trump trade," Bernstein said.At a campaign fundraising event in June, former president Donald Trump styled himself as something that would have seemed unlikely not long ago."He said he would be the crypto president," tech executive Trevor Traina, who attended the fundraiser, told Reuters that month.It's not a title the Republican candidate would have donned as eagerly during his first term.In a series of tweets in 2019, then-President Trump made it clear that he had no love for crypto."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."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.

 

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