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In a series of new explosive comments on June 27, President Donald Trump did not simply adopt the world of cryptocurrency; He claimed to be his founding father. By painting an image of a failing industry that he saved Trump alone, threw himself as the visionary who transformed the crypto into a “very powerful industry” essential to American domination.
It is a daring affirmation, especially for a man who, as recently as 2021, called Bitcoin a “scam” which was “based on thin air”.
The best skeptic pivot of crypto’s deepest skeptic to its self -proclaimed architect is Stark. Speaking at a White House press conference, Trump positioned his involvement as a longtime secret, prior to his race in 2024.
“I got involved a few years ago and before the second term,” he said. “I got involved before deciding to run … it became incredible. I mean, these are the jobs it produces, and I notice more and more that you pay in Bitcoin. ”
This new story easily neglects the real history of Crypto, which started with the creation of Bitcoin in 2009 and was shaped by innovators such as the co-founder of Ethereum Vitalik Buterin. Instead, Trump considers himself the improbable savior of the crypto who saw his potential when no one else did.
“It was an industry that was not doing particularly well,” said Trump, before making his most breathtaking statement: “I am president, and what I did is build an industry that is very important.”
For those who follow the space, the U-turn is inducing the cervical boost. In 2021, Trump’s main objection was that the crypto was “another currency in competition with the dollar”, telling Fox Business that he wanted the dollar to be “the currency of the world”.
Today, it argues the opposite.
“I mean, people say that it takes a lot of pressure on the dollar, and it’s a good thing for our country,” said Trump.
He now supervises the crypto not as a threat, but as a strategic asset in a geopolitical chess match against China. “If we didn’t have it, China would do it,” he said. “China would love it, and we have dominated this industry.”
Although Trump’s brand change may suddenly seem, he follows a period of intense cryptography lobbying and a series of pro-Crypto movements by his administration. Since his return to the White House, Trump has fully embraced the industrythat many consider the future of finance.
This new wave of financial services is largely built on Blockchain technology, a large decentralized digital book that records transactions safely without the need for an intermediary like a bank. This “decentralized finance” (or defi) is at the heart of the cryptographic movement.
The Trump administration has actively worked to legitimize it. With GeniusHe recently ensured the transition from a law for stablecoins (a type of crypto fixed to a stable asset, such as the US dollar, to reduce volatility) and even announced the creation of an American cryptography reserve.
This regulatory embrace, which also includes the growing empire of his family, has fueled a market rally. Bitcoin is currently negotiating, according to the data company Co RingeckoMore than $ 105,000, and the total value of the cryptography market is nearly 3.4 billions of dollars, a colossal resumption of “crypto winter” of recent years, which has seen the spectacular collapse of exchanges like FTX.
For an industry that has resisted the debate and fierce volatility, Trump’s public anointed is a seal of powerful, although revisionist approval. The man who saw the crypto once as an enemy of the dollar now considers him as a patriotic heritage which he has personally built.
