Key Takeaways
- Trump suggests using Bitcoin to address national debt.
- Trump has shifted from being a Bitcoin critic to a supporter.
- Trump's latest venture, World Liberty Financial, focuses on Bitcoin.
At a recent fundraising event, former U.S. President Donald Trump suggested that Bitcoin could play a role in managing the U.S.’s $35 trillion national debt.
While the remark was made in a joking manner, Trump expressed optimism about Bitcoin’s future.
If you look at how far it’s come, I think it has a great future.
He even quipped about paying off the debt with a “little piece of paper” worth $35 trillion in Bitcoin.
Changing stance
Trump’s comments reflect a shift in his stance on Bitcoin.
In 2019, he criticized Bitcoin for facilitating illegal activities.
2024 Election
Polymarket data shows Trump has a 48% probability of winning the 2024 Presidential Election, with Vice President Kamala Harris slightly ahead at 50.8%.
Trump’s growing acceptance of Bitcoin was underscored when he paid for a meal using Bitcoin at a New York City bar.
Interest in “Donald Trump Crypto” has surged, hitting the highest search levels in the past 90 days, according to Google Trends.
