President Donald Trump has once again reaffirmed his support for Bitcoin (BTC), describing the leading cryptocurrency as a powerful technology whose influence is still widely underestimated.
Speaking during the launch event for the newly introduced Trump Accounts on Monday, Trump said Bitcoin and the broader crypto industry have become too significant for the United States to ignore, arguing that failing to embrace the sector would hand a strategic advantage to China.
During a question-and-answer session, Trump was asked whether Bitcoin could eventually become part of the newly launched Trump Accounts, a tax-advantaged savings program designed to help children build long-term wealth.
Rather than directly answering the question, Trump used the opportunity to explain why his views on cryptocurrency have evolved over recent years.
“I’ve become a big crypto guy,” Trump said, adding that his support stems largely from America’s competition with China.
 
According to Trump, cryptocurrencies have matured into a major global industry that the United States must continue leading.
“If we don’t have it, China is going to have it,” he said, arguing that maintaining leadership in crypto is now part of the broader technological race between the world’s two largest economies.
Trump noted that he was initially skeptical of digital assets during his first presidential term but changed his perspective after watching the industry expand rapidly and attract significant capital.
One of Trump’s strongest endorsements came near the end of his remarks when discussing Bitcoin’s increasing adoption.
“I will say this, to me, cryptos are very powerful,” Trump stated, specifically highlighting the leading crypto-asset. “Bitcoin, they’re using it at levels that nobody, I don’t think anybody understands really how powerful.”
The comments underscore Trump’s belief that Bitcoin has moved beyond being a niche investment and is becoming an increasingly important part of the global financial system.
Although Trump did not announce any policy changes or confirm whether Bitcoin would eventually be included in Trump Accounts, his remarks reinforced the administration’s pro-crypto stance.
His statements also reflect a broader narrative that digital assets are becoming strategically important alongside artificial intelligence and other emerging technologies.
Trump also criticized the previous administration’s approach toward digital assets, claiming regulatory actions had harmed innovation before policy shifted later in the election cycle.
Meanwhile, market participants viewed Trump’s remarks as a positive catalyst during a session dominated by concerns over the corporate Bitcoin sale.
Notably, Bitcoin initially came under pressure earlier Monday after Strategy disclosed that it had sold approximately $216 million worth of Bitcoin between late June and early July. The news briefly pushed Bitcoin lower to around $61,522 before Trump’s comments helped reverse sentiment.
At press time, Bitcoin was trading at $64,154, reflecting a 0.95% surge in the past 24 hours.
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