When interviewed by Fox News, Trump emphasized that he still prefers the US dollar and neither supports nor opposes Bitcoin.
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Did Trump’s criticism of CBDC imply optimism for Bitcoin?
Trump: Bitcoin phenomenon is interesting
Did Trump’s criticism of CBDC imply optimism for Bitcoin?
The Fox host first mentioned that China is vigorously promoting its central bank digital currency (CBDC), while Trump openly criticized CBDC in a public speech in January of this year.
At that time, Trump emphasized that if elected, he would prohibit the Federal Reserve from issuing CBDC, as he believed that CBDC could potentially bring about the risks of bank disintermediation and political weaponization.
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Trump: “The Federal Reserve will never be allowed to issue CBDC, the federal government will control your money.”
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The Fox host then asked:
So, is embracing Bitcoin (in terms of policy) the logical next step? Because obviously Bitcoin is a decentralized currency that is not controlled by the government.
Trump: Bitcoin phenomenon is interesting
Trump emphasized that he still prefers the US dollar and neither supports nor opposes Bitcoin:
The currency that I have always favored is called the US dollar. Many people are exposed to Bitcoin, and honestly, it has come a long way on its own development path, but it may need some regulation. In fact, the public is continuing to accept Bitcoin, and there are more and more people who want to pay with Bitcoin. There are indeed some interesting developments, and I remain neutral about it. I have always liked one really powerful thing, which is the US dollar.
Based on Trump’s past statements during his tenure, his attitude towards Bitcoin has significantly improved. He previously criticized Bitcoin and cryptocurrency, saying that their value is based on thin air and the prices are extremely volatile, and they are involved in various illegal activities.
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Trump Interview | Overvalued stock prices, massive inflation looming, energy independence is dead, Bitcoin “looks like a scam”
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Further reading
Trump: “The Federal Reserve will never be allowed to issue CBDC, the federal government will control your money.”
Profiting from NFT royalties! On-chain analytics firm Arkham: Trump has sold over a thousand ETH, earning $2.4 million.