Bitcoin surges to $66K! Trump Interview: Cryptocurrency must be made in America, not China.

Republican presidential candidate Trump was interviewed by Bloomberg on important issues such as the economy, military, and foreign affairs. His stance on "cryptocurrency" in this election has attracted attention, not only winning him financial support but also boosting the overall coin market prices. After being shot, Bitcoin, which was previously weak, surged all the way to 66K, rising 14% in the past 7 days.

Trump's Reversal on Cryptocurrency: From Criticism to Support

The Evolution of Trump: From "Scam" to "Made in America"

Not long ago, Trump publicly criticized Bitcoin as a "scam" and "a disaster waiting to happen." However, he has recently changed his stance, stating that Bitcoin and other cryptocurrencies should be "made in America." Trump sees this as a practical necessity, emphasizing, "If we don't do it, China will figure it out, and they'll have it — or somebody else will."

In 2021, Trump against cryptocurrency: Trump criticizes investing in cryptocurrency as a disaster, talks about U.S. troop withdrawal: a major embarrassment, calls for bombing Afghanistan, says Bitcoin "looks like a scam."

Trump's Change of Position

• Trump says the U.S. must lead in the cryptocurrency space, promises clemency for Silk Road founder

• Calls Bitcoin "doing its own thing," Trump's change of heart: Bitcoin is interesting, but I still like the dollar

• Trump meets with Bitcoin miners, promises to protect mining: hopes the remaining Bitcoin is all mined in the U.S.

The Democratic Party's Game with Cryptocurrency

In the U.S., the relationship between the Democratic Party government and the cryptocurrency industry is increasingly tense. According to Justin Slaughter, policy director at the cryptocurrency investment firm Paradigm, "The Biden administration has taken a position against cryptocurrency under the U.S. Securities and Exchange Commission." Slaughter also pointed out that about 20% of Democrats own cryptocurrency, most of whom are young and non-white, which is politically unwise.

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Trump's Political Maneuver: Capturing Cryptocurrency Supporters

Trump quickly filled this void and began to attract the attention of cryptocurrency supporters. He announced in a speech in May that he would "stop Joe Biden's crusade to crush cryptocurrency." In the following month, Trump raised a significant amount of funds from Bitcoin miners at a fundraising event held at Mar-a-Lago. His campaign team also acted swiftly, announcing plans to "establish a crypto army" and starting to accept cryptocurrency donations.

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The Future of Cryptocurrency: U.S. Strategy and Challenges

Trump's support for cryptocurrency may change America's position in the global cryptocurrency market. He emphasizes that if the U.S. does not seize the opportunity, other countries such as China may take the lead. Therefore, Trump's policy shift reflects his emphasis on America's economic and technological leadership and demonstrates his flexibility in political maneuvering.

In conclusion, Trump's transition from criticism to support for cryptocurrency not only demonstrates his reconsideration of economic strategy but also reveals his political tactics on the stage. The future direction of U.S. policy in the cryptocurrency field is worth continuous attention.