This chapter explores Donald Trump's transformation from a critic of Bitcoin to a supporter, advocating for US government holdings in the cryptocurrency. It also addresses the issue of scams within the crypto space and discusses the potential implications of his stance as the 2024 presidential election approaches.
This past weekend, Donald Trump became the first American president to address a crypto conference, telling an audience in Nashville that “if Bitcoin is going to the moon, I want America to be the nation that leads the way.” It’s a stark contrast from five years ago, when Trump said Bitcoin’s value was based on “thin air.” Is his conversion from crypto skeptic to crypto cheerleader real – or just a canny attempt to get donations?
On today’s podcast, host David Gura speaks to Bloomberg investigative reporter Zeke Faux about the surprising opinions he heard on-the-ground at the world’s biggest Bitcoin conference – and what that could mean for the future of the 2024 presidential election.
Read more: Trump Became Crypto Believer After Falling in Love With NFTs of Himself
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