Former President Donald Trump Weighs in on Bitcoin [BTC] Again: Advises the Current Administration Against Selling the United States' Bitcoin Holdings

After embracing Bitcoin [BTC] and the broader crypto market throughout his election campaigns, former President Donald Trump has once again made headlines

Former President Donald Trump has once again weighed in on Bitcoin [BTC] and the crypto market. During a recent livestream with influencer Adin Ross, Trump advised the current administration against selling the United States’ BTC holdings.

This discussion follows the government's recent transfer of 29,800 BTC, valued at around $2 billion, to an unknown address.

Emphasizing the importance of holding Bitcoin, Trump stated, "It's something they shouldn't be doing because they should be trying to build it. It's a very modern currency. So if we don't do it, China's doing it. Other places are doing it, and they're doing it anyway."

In this statement, Trump appears to suggest that retaining BTC could be strategically beneficial for the country, whether as a long-term investment or a valuable financial asset.

However, it's worth noting that since he is no longer in office, his comments could also be an attempt to sway public opinion or influence crypto voters in the upcoming election.

Continuing in the livestream, Trump also praised Bitcoin, saying, "It's a very modern currency, it's a very modern form, and I know a lot of very good people that are really into that world, and into that market, they're smart, they're good people, and they think it's going to be very beneficial."

This statement, however, did little to demonstrate a deep understanding of cryptocurrency, leading some to speculate that it was more of an election tactic. This perception may not be entirely accurate, considering his recent interview with Fox Business, where he expressed, "Who knows, maybe we'll pay off our $35 trillion, hand them a crypto cheque, hand them a little Bitcoin, and wipe out our $35 trillion."

In his remarks, Trump contrasted BTC with traditional finance, suggesting that the U.S. could potentially issue a Bitcoin check valued at $35 trillion to settle the national debt.

Meanwhile, Vice President Kamala Harris's limited engagement with the crypto community and her previous anti-crypto stance have given Trump an edge in the race. This advantage is highlighted by prediction data from Polymarket, which shows Trump leading with 54% of the votes, while Harris lags behind at 44%.

On the other hand, a recent post by Epic Maps adds another layer of intrigue to the upcoming election.

But irrespective of the election outcome, seeing cryptocurrency take center stage in the 2024 elections sheds light on its potential to positively impact the future of the United States.

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