Trump Flips Stance on Bitcoin: “I’m Not Sure If I’d Want to Take it Away At This Point”
Republican presidential frontrunner Donald Trump took to CNBC on Monday to reveal he was unsure whether he would want to get rid of Bitcoin despite criticizing it in the past, going so far as to say he has “fun” with the cryptocurrency.
“There has been a lot of use of that (bitcoin) and I’m not sure that I would want to take it away at this point,” Trump said during his appearance on CNBC’s Squawk Box.
“It’s taken [on] its own life,” he continued. “You know, I do little things for fun with it and you know make money with it—and have fun with it, too.
Trump now sounds bullish on Bitcoin. Personally, I don’t believe him. He and his administration had a shot for supporting Bitcoin. It was hard if not a full stone wall to work with them.
CNBC video recording by: @thewallstbulloz pic.twitter.com/SFMPEIcaqC
— Gabor Gurbacs (@gaborgurbacs) March 11, 2024
The leading GOP candidate’s praise for Bitcoin marks a shift in his stance towards cryptocurrencies in general, having previously called them “highly volatile” and “based on thin air.”
“Sometimes, we’ll let people pay with Bitcoin,” Trump said about the recently released American-themed sneaker line. “If you think of it, it’s an additional form of currency.”
The former president has previously expressed disdain for cryptocurrencies being used instead of the United States dollar, referring to himself as “not a fan”.
“We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable,” Trump stated in 2019. “It is by far the most dominant currency anywhere in the World, and it will always stay that way.”
During his Monday appearance on Squawk Box, Trump doubled down on his USD-first position, stating replacing USD would be “a hit” to the country.
“I hate
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