In a recent video, Donald Trump promoted cryptocurrency through World Liberty Financial, claiming, "Crypto is the future. Let's embrace this incredible technology and lead the world in digital economy." This marks a stark reversal from his 2021 stance when he labeled Bitcoin a scam, emphasizing his desire for the U.S. dollar to reign supreme.
A Trump-supporting partner at a crypto-focused venture firm expressed concerns about Trump's entry into cryptocurrency, stating, "This is a huge mistake...it looks like Trump's inner circle is just cashing in on his recent embrace of crypto in a kind of naive way." He fears it undermines goodwill built in the industry.
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