Trump ready to legalize payments in Bitcoin

Donald Trump, likely the next president of the United States, has softened his stance on bitcoin.

Trump is no longer against bitcoin

The former U.S. President dropped a bombshell on CNBC by stating “we will one day let people pay in bitcoin. It’s a form of additional currency.”

This is a sharp contrast to his past statements. “Bitcoin seems like a scam [scam]”, he had said in 2021.

“I don’t like it because it’s a currency that competes with the dollar,” he had added. This opinion was repeated on Monday to Joe Kernen:

“I will not allow countries to break free from the dollar. The end of the dollar as the world standard would be like losing the War of Independence.”

BREAKING‼️: Former President Donald Trump:

"Sometimes we'll let people pay through Bitcoin…it's an additional form of currency…

I would not allow countries to go off the dollar, because when we lose that standard, that will be like losing a revolutionary war."#Bitcoin pic.twitter.com/8iU0a3TlaX

— Swan (@Swan) March 11, 2024

Unfortunately for the United States, the dollar is losing its luster. The most important emerging nations are abandoning it. The world needs a new international reserve currency and bitcoin is well-suited to assume this role.

Our article on the subject: Bitcoin must replace the dollar.

Indeed, the freezing of 300 billion euros and dollars belonging to Russia did not go unnoticed around the world.

Our article on the subject: Bitcoin and the freezing of 300 billion Russian dollars.

Even the European Central Bank has privately warned that seizing Russian assets could tarnish the international reputation of the euro as the second international reserve currency.

Similar concerns are being felt in the United States regarding the dollar, which represents 58% of global foreign exchange reserves. As the Russian president recently stated:

“The United States harms the dollar by banning certain countries from using it. […] They are only undermining the power of the dollar, which is the opposite of the intended result.”

Some financial experts believe there is no cause for alarm. They argue that there are few alternatives to the dollar, euro, and other G7 reserve currencies.

They’re not factoring in bitcoin. Stateless, anti-inflationary, and uncensorable, bitcoin is poised to replace the euro and the dollar as international reserve currencies.

Whether the empire likes it or not, bitcoin possesses all the qualities to lubricate international trade and put all nations on equal monetary footing.