President Donald Trump was once skeptical of digital assets, saying Bitcoin “seems like a scam” and that crypto’s value was “based on thin air.”
Times have changed. During his latest presidential campaign, Trump pivoted to crypto cheerleader: A July speech at the Bitcoin 2024 conference capped his complete about-face. Since his reelection, cryptocurrency prices have surged — especially Bitcoin’s, which hit a record high above $109,000 on his inauguration day — amid expectations that his administration will pursue a pro-crypto agenda. On Jan. 23, Trump issued an executive order establishing a working group on digital assets.
