The post Trump Backs U.S. Crypto Boom: “Bitcoin Is Great for Our Country” appeared first on Coinpedia Fintech News
Bitcoin has been breaking new highs lately, and President Donald Trump is all in. Once unsure about crypto, he now calls it “amazing” and sees it as a big win for the U.S. economy. His latest remarks reveal how deeply he and his family are tied to Bitcoin’s future.
Bitcoin Is Boosting Jobs and the Economy
In a recent White House press conference, President Trump reflected on his evolving view of Bitcoin and its growing role in the U.S. economy.
Trump observed that more people are now using Bitcoin for payments, and noted that this trend eases pressure on the U.S. dollar, which can be a positive thing for the country. He revealed that he invested in Bitcoin before becoming president, and his children are also involved. He also pointed out how Bitcoin held up better than the stock market recently.
Trump said he helped build what he called a “very powerful” crypto industry in the U.S., saying things moved slowly under the Biden administration. As a President, he emphasized that his priority is helping build a strong and vital industry. If the U.S. had not embraced it, China likely would have taken the lead, he said.
The Trump Family and Crypto
At the Bitcoin 2025 conference in Las Vegas this May, the Trump sons advocated for pro-crypto regulation along with Vice President J.D. Vance, urging a government-friendly environment for digital assets. They also predicted Bitcoin prices between $150K–$175K by 2026. Eric Trump also said recently that Ethereum is undervalued and should already be trading above $8,000.
Inside Trump Media’s Crypto Portfolio
Trump Media now holds $2 billion in Bitcoin, making up most of its liquid assets and pushing Trump’s stake to $2.3 billion.
According to a latest report from Bloomberg, Trump Media has invested $300 million into Bitcoin-related derivatives. By adding derivatives tied to ETFs, blockchain stocks, and convertible bonds, the company is doubling down on crypto.
Trump has pushed the U.S. to become a global crypto leader, creating a “strategic bitcoin reserve,” appointing a crypto czar, and signing the bipartisan GENIUS Act into law last week.
Trump Defends Crypto Push as Strategic Move
Trump’s family also controls the decentralized finance firm World Liberty Financial, which has already made $500 million since launching in 2024. Critics say that Trump’s policies could directly benefit his crypto holdings, despite them being in a trust managed by his son.
With Bitcoin now over $120,000, Trump Media says its big crypto stash gives it financial freedom, and it plans to launch a utility token linked to Truth Social soon. Bitcoin is currently trading at $118,065, down 0.3% in the last 24 hours.