Today, Former President Donald Trump has voiced strong support for Bitcoin and the broader crypto industry, calling it a vital American asset that the US must continue to dominate.
JUST IN: šŗšø President Donald Trump said Bitcoin “takes a lot of pressure off the dollar and it’s a great thing for our country.” pic.twitter.com/vjbGGhrHm9
ā Bitcoin Magazine (@BitcoinMagazine) June 27, 2025
āSo I became a fan of crypto, and to me itās an industry,ā Trump said. āI view it as an industry and Iām president and if we didnāt have it, China would or somebody else would, but most likely China.ā
Trump emphasized the economic resilience and strategic importance of Bitcoin, pointing out its relative strength during recent market downturns.Ā
āIn fact, when the stock market went down recently, crypto and Bitcoin and all of that went down much less than anybody else as a group,ā he stated. āAnd weāve created a very powerful industry and thatās much more important than anything that we invest in.ā
The former president talked about his personal involvement with Bitcoin before launching his 2024 presidential campaign. āI got involved with it a couple of years ago and before this, before the second term, I got involved, before I decided to runā¦ I was in Bitcoin then, not knowing if I was going to do it a third time,ā he emphasized, referring to his decision to run again.
Trump also suggested that Bitcoin is becoming more mainstream. āItās the jobs that it produces and I noticed more and more you paying Bitcoin. I mean, people are saying it takes a lot of pressure off the dollar. And itās a great thing for our country, so I donāt care about investing, you know.ā
He concluded by asserting that under his leadership, the US has built a critical industry in Bitcoin and crypto. āI have kids and they invest in different things. They do believe in it, but Iām president and what I did do there is build an industry thatās very important and you know if we didnāt have a China would,ā Trump said.
