Trump says crypto survives the crash better than most assets
The post Trump says crypto survives the crash better than most assets appeared on BitcoinEthereumNews.com. Key Takeaways President Trump stated that crypto assets withstand market crashes better than other assets. The TRUMP token surged over 70% after announcing exclusive dining incentives for its top holders. Trump has reinforced his pro-crypto stance, saying crypto assets have remained resilient during market downturns and are now widely embraced. The president has stated that the US must lead in digital asset innovation or risk falling behind countries like China. “I want crypto,” Trump said in an interview with NBC News’ Meet the Press this week. The president was asked how he responds to people who express concern about the possibility of him profiting from the presidency. “I think crypto is important because if we don’t do it, China is going to,” he said. “It’s new. It’s very popular. It’s very hot.” He added that during market downturns, crypto “stayed much stronger than other aspects of the market.” Trump noted that crypto is too important to ignore, pointing to the sheer scale of adoption as a driving force behind his pro-crypto stance. He also accused the Biden administration of initially cracking down on crypto but later softening its stance for political gain. Pressed on whether he stands to profit from the Official Trump token (TRUMP), the president said he is “not profiting from anything” and stressed that his backing of crypto began well before the presidential campaign. “I haven’t even looked,” Trump said, adding that “if I own stock in something, and I do a good job, and the stock market goes up, I guess I’m profiting.” Trump said he had contributed his entire presidential salary to the government. When asked whether he would contribute any crypto-related earnings, he responded that he had never considered it. “Should I contribute all of my real estate that I’ve owned for many years…
The post Trump says crypto survives the crash better than most assets appeared on BitcoinEthereumNews.com.
Key Takeaways President Trump stated that crypto assets withstand market crashes better than other assets. The TRUMP token surged over 70% after announcing exclusive dining incentives for its top holders. Trump has reinforced his pro-crypto stance, saying crypto assets have remained resilient during market downturns and are now widely embraced. The president has stated that the US must lead in digital asset innovation or risk falling behind countries like China. “I want crypto,” Trump said in an interview with NBC News’ Meet the Press this week. The president was asked how he responds to people who express concern about the possibility of him profiting from the presidency. “I think crypto is important because if we don’t do it, China is going to,” he said. “It’s new. It’s very popular. It’s very hot.” He added that during market downturns, crypto “stayed much stronger than other aspects of the market.” Trump noted that crypto is too important to ignore, pointing to the sheer scale of adoption as a driving force behind his pro-crypto stance. He also accused the Biden administration of initially cracking down on crypto but later softening its stance for political gain. Pressed on whether he stands to profit from the Official Trump token (TRUMP), the president said he is “not profiting from anything” and stressed that his backing of crypto began well before the presidential campaign. “I haven’t even looked,” Trump said, adding that “if I own stock in something, and I do a good job, and the stock market goes up, I guess I’m profiting.” Trump said he had contributed his entire presidential salary to the government. When asked whether he would contribute any crypto-related earnings, he responded that he had never considered it. “Should I contribute all of my real estate that I’ve owned for many years…
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