Bitcoin has found a powerful backer in President Donald Trump, who now touts the digital asset as a major driver of U.S. innovation and financial strength.
Once cautious about crypto, Trump has shifted gears, highlighting Bitcoin’s role in boosting economic activity and reducing dependence on traditional banking systems.
At a recent press event, Trump credited Bitcoin with helping to create jobs and strengthen the U.S. dollar’s position globally. He revealed personal investments in the asset before his presidency and noted that his children have followed suit. Trump also argued that under his leadership, the crypto industry took root in America—an effort, he claims, that would’ve been dominated by China without swift action.
His administration’s crypto push isn’t just rhetorical. Trump Media now holds over $2 billion in Bitcoin, making it one of the largest corporate holders of the asset. The company has also deployed hundreds of millions into crypto derivatives tied to ETFs and blockchain equities. This expansion aligns with the President’s broader effort to position the U.S. as a global crypto powerhouse, backed by new legislation and regulatory clarity.
The Trump family’s influence also extends to decentralized finance. Their DeFi venture, World Liberty Financial, has already raked in $500 million in revenue since its launch. Despite concerns about potential conflicts of interest, supporters argue the policies reflect a clear strategy to modernize U.S. finance—not personal enrichment.
With Bitcoin trading near $120,000 and more institutional players entering the space, Trump’s bet on digital assets is emerging as a defining feature of his economic legacy. His administration has even hinted at launching a token linked to Truth Social, signaling deeper crypto integration ahead.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/trump-doubles-down-on-bitcoin-as-crypto-becomes-u-s-power-play/