2024 Republican presidential candidate and former President Donald Trump recently expressed his support for cryptocurrency, drawing attention from tech and finance sectors.Trump voiced concern over the outflow of American crypto businesses due to what he calls the Biden administration's “hostility” towards the industry.
The bitcoin price has dipped toward $60,000 per bitcoin after climbing over $70,000 last month as Elon Musk joins a growing chorus of warnings that the U.S. dollar could be about to collapse. “I’m fine with it,” Trump said in a clip widely shared on X. “I want to make sure it’s good and solid, but I’m good with it. If you like crypto in any form — it comes in a lot of different forms — if you’re in favour of crypto you’d better vote for Trump.”