Trump is turning Bitcoin into a symbol of American patriotism

Former US President Donald Trump, who previously opposed cryptocurrencies, now actively supports them, seeing in bitcoin not only economic value, but also a symbol of patriotism.

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Ahead of the 2024 election, Trump is urging bitcoin miners to unite in support of the crypto industry, saying that bitcoin mining could be the "last line of defence" against central bank digital currencies. He argues that Biden's rejection of bitcoin favours the interests of China, Russia and radical left-wing communists.

Trump met with representatives of major bitcoin mining companies to discuss support for the crypto industry. His campaign has begun accepting donations in cryptocurrency, which highlights the decentralised nature of bitcoin as a symbol of freedom from "socialist state control".

Donald Trump has changed his stance on many technology issues, making it difficult to track his views. He previously tried to ban TikTok but now favours its operation in the US. In 2019, he expressed his displeasure with cryptocurrencies but now sees them as the "currency of freedom." Trump's policy decisions seem to be tied to the interests of his financial supporters. In 2024, the bitcoin community appears ready to support him and he sees the issue as key to American values.

Source: Gizmodo