Donald Trump Suggests US Not Selling Bitcoin and Focusing on Energy

Bittime - In a recent interview with streamer and influencer Adin Ross, former President Donald Trump issued an important warning to the current administration about the United States' Bitcoin (BTC) sales policy. Trump, who is seeking re-election in 2024, emphasized the importance of innovation in the digital asset sector and warned that other countries, especially China, have made significant progress in the fields of crypto and artificial intelligence.

Donald Trump: Bitcoin as a Modern Digital Asset

Trump praised Bitcoin as a very modern and innovative form of currency. In his statement, Trump said, “Bitcoin is a very modern currency, with a very sophisticated form. Many smart people involved in this world believe that Bitcoin will be very beneficial.” This praise reflects his belief that Bitcoin has great potential to provide long-term benefits and economic stability. Trump considers Bitcoin an attractive alternative to the traditional financial system and sees great potential in its growing global adoption.

Energy Investment to Support Bitcoin Mining

Trump also highlighted the importance of investing in energy infrastructure to support Bitcoin mining and artificial intelligence activities. He believes that increasing investment in the energy sector is critical to maintaining the growth and efficiency of these industries. Fred Thiel, chairman and CEO of Bitcoin mining company MARA, agreed with Trump and expressed his belief that the Bitcoin mining industry will thrive under Trump's leadership. This is supported by the view of Jason Les from Riot Platforms, who said that Trump's policies would likely be more supportive of this sector compared to current policies.

According to Trump, significant investment in energy infrastructure will not only support Bitcoin mining activities but will also strengthen the energy grid for the future. He considers that such investments are key to supporting technological progress and ensuring that the United States remains at the forefront of energy and crypto innovation.

Using Bitcoin to Tackle the US National Debt

Trump also proposed the radical idea of ​​using a small portion of Bitcoin to reduce the United States' national debt which currently stands at $35 trillion. He explained that Bitcoin, with its limited supply, has the potential to appreciate in value over time and could help reduce government debt by shifting much of the nation's wealth into more stable assets bound by harsh economic laws.

Trump argued that this approach could avoid major economic crises that often occur during the collapse of traditional currencies. By gradually shifting the nation's wealth to Bitcoin, Trump believes that the US can build a monetary system that is more solid and resistant to inflation, as well as reduce the debt burden weighing on the national economy.

Conclusion: Trump's Views on Bitcoin and Energy Policy

Donald Trump's comments on Bitcoin and energy investments show his deep views regarding the future of crypto technology and artificial intelligence. By emphasizing the importance of innovation and investment in energy infrastructure, Trump proposed an approach that would likely shape economic and technology policy if he is re-elected as president. This suggestion not only shows his commitment to the integration of modern technology but also how Bitcoin can play an important role in strengthening the US economy and addressing national debt challenges.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.