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Donald Trump Reiterates That the US Government Shouldn’t Be Selling Its Bitcoin (BTC)

August 07, 2024

Former President Donald Trump has reiterated that he doesn’t think the US government should be selling its seized crypto.

The Republican nominee shared his thoughts on crypto during a livestream interview with the influencer Adin Ross on Monday.

“It’s a very modern currency. It’s a very modern form. I know a lot of very good people that are really into that world and into that market. They’re smart. They’re good people. And they think it’s going to be very beneficial. And remember this, it’s very important — it’s like AI. Do you love it? Do you not like it? If we don’t do it, China’s going to do it. Or other people are going to do it. And we can’t be left behind. And crypto is right in that sphere and it is a form of currency.”

Trump, a former crypto skeptic, also criticized government officials for recently selling some of the Bitcoin (BTC) seized from the illicit online marketplace known as the Silk Road.

While speaking at the Bitcoin 2024 Conference earlier this month, the former president said that if he’s elected again, he would strategically hold the seized BTC as an investment rather than selling it.

He also recently suggested he could use crypto to pay off the US government’s $35 trillion national debt, though he didn’t elaborate on how.

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