Key Takeaways
- President-elect Trump promises U.S. leadership in Bitcoin.
- He proposes a national strategic Bitcoin reserve to compete globally.
- Trump made the statement at the NYSE, where Bitcoin holds above $100,000.
President-elect Donald Trump has promised to elevate the U.S. as a global leader in Bitcoin, signaling a pro-industry shift from previous administration policies.
During an interview with CNBC’s Jim Cramer at the New York Stock Exchange on December 12, Trump emphasized the need for strategic action to maintain a competitive edge.
Trump said, responding to a question about a potential national Bitcoin reserve:
We’re gonna do something great with crypto because we don’t want China, or anybody else…but others are embracing it, and we want to be ahead.
Policy shift
The president-elect’s statement marks a sharp departure from the current administration’s contentious relationship with Bitcoin and related businesses.
A strategic Bitcoin reserve has been a key component of Trump’s campaign promises, reflecting his appeal to the digital currency sector, which played a role in his re-election.
Market impact
Trump’s comments came during his visit to the NYSE, where he rang the opening bell to celebrate his recognition as Time magazine’s “Person of the Year.” Bitcoin remained steady above $100,000, a milestone it recently surpassed amid growing institutional interest.
The announcement has energized Bitcoin investors and advocates, as Trump’s administration is expected to pursue policies fostering innovation and adoption of Bitcoin in the U.S.
