Trump: 'Bitcoin has gone from being the currency of anonymous transactions to being a very major currency'

IconCryptoNewsTerminal Staff27 Jul, 2024

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Trump: 'Bitcoin has gone from being the currency of anonymous transactions to being a very major currency'

Former U.S. President Donald Trump said in his keynote address at the Bitcoin 2024 conference in Nashville, Tennessee, that "Bitcoin has gone from being the currency of anonymous transactions to being a very major currency, it's bigger than the big oil companies like Exxon Mobil and bigger than silver. And it will be bigger than gold at some point." Trump's comments come as Bitcoin has been gaining mainstream adoption in recent years. In 2022, the world's largest cryptocurrency by market capitalization was added as a payment option by several major companies, including Tesla, Microsoft, and PayPal. Trump's comments are likely to further boost Bitcoin's credibility and appeal among mainstream investors. The former president has a large following among conservatives, many of whom are skeptical of cryptocurrencies. However, Trump's comments suggest that he believes Bitcoin has the potential to become a major financial asset. Only time will tell whether Bitcoin will continue to gain mainstream adoption and eventually surpass the value of gold. However, Trump's comments are a sign that the cryptocurrency is becoming increasingly accepted by the general public.

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