Former President Donald Trump has reiterated his belief that the US government should not sell seized Bitcoin.
Once upon a time Live interview The Republican candidate shared his thoughts on crypto with influencer Adin Ross on Monday.
Bitcoin is a modern currency
‘It is a very modern currency. This is a very modern form. I know a lot of good people in that world and market. They are smart. They are good people. And they think it’s very useful. Remember this, it’s very important – it’s like AI. Do you like it? Don’t you like it? If we don’t, China will. Or others will. And we cannot be left behind. And crypto is right in that sphere and is a form of currency.’
This glossary is literally quoted and translated into Dutch. But when you get to the heart of it, he says, crypto is a form of currency, a means of payment.
Trump, a former crypto skeptic, Criticized Government officials for recently selling some bitcoins seized from an illegal online marketplace called Silk Road.
Using Bitcoin to Pay off the National Debt
Speaking at the Bitcoin 2024 conference last month, the former president said that if re-elected, he would strategically hold the captured BTC as an investment instead of selling it.
He recently suggested that crypto could be used to pay off America’s $35 trillion national debt, though he didn’t elaborate on how he would do that.
According to QCP Capital, the content of Trump’s speech was in line with market expectations, but it was not enough to push Bitcoin past its previous highs. The market seems to have an attitude: see first, believe later.
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