Former President Donald Trump, once a bitcoin skeptic, praised the cryptocurrency and outlined his plans to support the industry during a major conference in Nashville in late July. This shift in Trump's stance was influenced by a group of bitcoin advocates, including three key figures from Puerto Rico, who worked behind the scenes to secure his support. In bitcoin terms, Trump was "orange-pilled, symbolizing his conversion to a strong dedication to bitcoin over traditional currencies. Trump's speech reflected a strategic shift likely motivated by the potential for significant donor contributions from an industry threatened by the Biden-Harris administration and SEC regulations.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:03Former President Donald Trump, once a Bitcoin skeptic, praised the cryptocurrency and outlined
00:07his plans to support the industry during a major conference in Nashville in late July.
00:12This shift in Trump's stance was influenced by a group of Bitcoin advocates, including
00:16three key figures from Puerto Rico, who worked behind the scenes to secure his support.
00:21In Bitcoin terms, Trump was orange-pilled, symbolizing his conversion to a strong dedication
00:26to Bitcoin over traditional currencies.
00:29Trump's speech reflected a strategic shift likely motivated by the potential for significant
00:33donor contributions from an industry threatened by the Biden-Harris administration and SEC
00:38regulations.
00:39For all things money, visit Benzinga.com.