In July 2019, then President Donald Trump expressed strong negative views on cryptocurrencies. However, five years later, his stance has completely changed as he is now expected to speak at the Bitcoin Conference and champions crypto-assets. This shift in position has been recent, with Trump softening his tone in February and fully supporting cryptocurrencies in May.
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Trump’s evolving views on cryptocurrencies have raised questions about his understanding of the sector, such as his proposal for all remaining Bitcoin to be made in the USA, despite the decentralized nature of the mining process.
‘Does he actually understand how cryptocurrency works?’
Trump’s mixed messages on cryptocurrency have puzzled many observers, with some questioning his grasp on the technical and economic aspects of the industry.