Former President Donald Trump has revealed that he has changed his stance on Bitcoin and cryptocurrency, stating that he is now “good with” them. Speaking at an event for Trump NFT holders at his Mar-a-Lago resort, Trump discussed the regulatory challenges faced by the crypto industry in the US, suggesting that this is forcing companies to relocate. He expressed his desire to stop this trend, stating that if the US is going to embrace cryptocurrency, it needs to allow these companies to operate within its borders.

In an attempt to appeal to crypto enthusiasts, Trump criticized President Biden for his lack of understanding of the industry. He claimed that Biden and his administration are against cryptocurrency, with Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), being particularly hostile towards it. Trump acknowledged that there are many people who support cryptocurrency, potentially including those in the audience, and declared that he is also in favor of it. However, he emphasized the importance of ensuring that the industry is secure and reliable. In a bid to further show his support for cryptocurrency, Trump announced that he will accept donations in Bitcoin and other digital currencies for his future campaigns.

It is worth noting that Trump’s current position on cryptocurrency differs from his stance during his presidency. At that time, he voiced concerns about the potential for digital assets to facilitate illegal activities, such as drug trafficking. He criticized Bitcoin and other cryptocurrencies, stating that they are not real money and their value is volatile and based on nothing substantial.

In conclusion, former President Donald Trump has expressed his newfound support for Bitcoin and cryptocurrency, citing his concerns about the regulatory environment and his belief that the US should embrace this industry. He encouraged crypto enthusiasts to vote for him and announced that he will accept donations in digital currencies for his campaigns. However, it is important to note that his current stance differs from his previous criticisms of the industry.