U.S. President Donald Trump is now calling Bitcoin “amazing” and positioning the United States as the global leader in cryptocurrency innovation.
Once a vocal critic of Bitcoin, Trump has now emerged as a champion of the digital asset economy, crediting crypto for creating jobs and strengthening America’s financial system. His recent remarks mark a sharp pivot from his earlier stance and add fuel to the growing narrative that the U.S. is racing to become the world’s crypto capital.
Trump: “Bitcoin Is Amazing”
Speaking at the White House Conference on Friday, Trump made headlines by praising Bitcoin, even going as far as to claim credit for its rise:
“I got involved with it a couple of years ago, and before the second term,” Trump said. “It’s become amazing. I mean, it’s the jobs that it produces, and I notice more and more of you pay in Bitcoin.”
He also referred to himself as the one who “built the crypto industry” and suggested that crypto adoption had eased pressure on the U.S. dollar.
From “Scam” to “Savior”: Trump’s U-Turn on Crypto
Back in 2021, when El Salvador announced Bitcoin as legal tender, Trump called it a “scam” and a threat to the U.S. dollar. Fast forward to 2025, Trump has rolled out a set of pro-crypto regulations, launched a crypto venture with his family, and rebranded himself as a digital asset pioneer.
The shift comes as Trump gears up to make the U.S. a crypto powerhouse, overseeing a massive policy shift to accommodate blockchain startups, ETFs, and even crypto payments. His new stance includes praising Bitcoin for job creation, innovation, and monetary evolution.
U.S. vs. China: The Crypto Arms Race
Trump didn’t stop at praising Bitcoin. He framed crypto as a geopolitical tool, stating that if the U.S. hadn’t embraced it, “China would’ve taken it.” According to him, the crypto industry is America’s to lead—and to lose.
While Trump backs widespread crypto adoption, China has outlawed private crypto ownership, pushing instead for central bank digital currencies (CBDCs). The contrast between the two global powers underscores the geopolitical stakes of crypto leadership.
Final Thoughts: Trump’s Crypto Pivot Sets the Tone for Global Adoption
The man who once called Bitcoin a “scam” now claims to have laid the foundation for its global rise. With a regulatory framework in place, America is rapidly becoming the center of the digital asset world.Whether you see it as political rebranding or visionary leadership, Trump’s endorsement of Bitcoin could be the defining moment that pushes crypto into mainstream global acceptance.
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FAQs
Trump’s pivot is attributed to a combination of factors, including the perceived job creation and financial system strengthening by crypto, and a strategic move to position the U.S. as a global crypto leader.
Trump credits crypto for creating jobs, but it does not provide a specific number for jobs created since his policy pivot.
The U.S. under Trump is implementing a pro-crypto regulatory framework, encouraging adoption and innovation. China, conversely, has outlawed private crypto ownership, favoring its state-backed digital currency.
