Trump bets on cryptocurrency

Former President Donald Trump has dramatically shifted his stance on cryptocurrency, positioning himself as a pro-Bitcoin candidate at the Bitcoin 2024 conference in Nashville. He announced plans to retain all Bitcoin held by the U.S. government and criticized current regulations, claiming he would support the crypto industry if elected. Trump, who once labeled Bitcoin a 'scam', has reportedly made millions from digital assets, including a successful NFT collection. He has also recently launched a line of sneakers branded 'Trump Crypto President', which has sparked mixed reactions from the public, with some labeling it as a grift. Trump's engagement with the crypto community reflects a broader trend of Bitcoin gaining political legitimacy, as evidenced by his fundraising success at the conference. His newfound relationship with crypto is further underscored by the $21 million he raised during the event, highlighting the financial potential of the crypto industry in political campaigns.