Trump Declares Bitcoin a National Asset: “It’s Great for America”
Former president shifts tone, embraces crypto as economic driver, job creator, and strategic tool for U.S. dominance
Donald Trump is going all-in on Bitcoin. Once skeptical of digital assets, the former U.S. president now champions cryptocurrency as “amazing” and vital to the American economy. Speaking at a recent White House press conference, Trump said Bitcoin adoption is accelerating and creating a net benefit for the country.
🇺🇸 TRUMP: “It’s (Bitcoin) become amazing… It’s a great thing for our country.” pic.twitter.com/qo3N2QVJyD
— Cointelegraph (@Cointelegraph) July 28, 2025
Trump revealed he invested in Bitcoin before his presidency and noted that his children are also heavily involved. He highlighted the resilience of Bitcoin compared to the stock market and praised its growing role in payments, suggesting it alleviates pressure on the U.S. dollar.
He credited his administration with building a “very powerful” crypto industry and criticized the Biden administration for slowing its growth. “If we hadn’t stepped up, China would have taken over this whole sector,” he said.
Trump family tightens ties with crypto and Bitcoin price forecasts
At the upcoming Bitcoin 2025 conference in Las Vegas, Trump’s sons are set to promote crypto-friendly regulation alongside Vice President J.D. Vance. The family has embraced digital assets and believes a supportive U.S. framework is key to global leadership.
Eric Trump recently predicted Bitcoin could reach $150,000–$175,000 by 2026 and called Ethereum undervalued, stating it “should already be above $8,000.”
Trump Media builds massive Bitcoin war chest
Trump Media now holds $2 billion worth of Bitcoin – its largest liquid asset – raising Trump’s personal crypto stake to $2.3 billion. Bloomberg reports the company has also invested $300 million in Bitcoin-linked derivatives, ETFs, and blockchain-related convertible bonds.
This crypto-heavy portfolio underscores Trump Media’s belief that digital assets are the future. The firm also supports the creation of a national “strategic bitcoin reserve,” and Trump recently signed the bipartisan GENIUS Act to further crypto innovation.
Trump defends crypto involvement amid growing scrutiny
While critics raise concerns about potential conflicts of interest, Trump maintains that all assets are managed in a trust by his son. The Trump family also controls World Liberty Financial – a decentralized finance firm that has generated $500 million since launching in 2024.
Trump Media claims its crypto holdings provide financial independence and revealed plans to launch a utility token tied to Truth Social.
Bitcoin is currently trading at $118,065, down slightly by 0.3% over the past 24 hours.
