Buy BTC: Trump Softens, Bitcoin Considered an Important Asset?

Bittime - The cryptocurrency world has been shocked again by the change in attitude of former United States president, Donald Trump, towards Bitcoin (BTC) . After previously calling Bitcoin a "fraud", Trump now recognizes its potential as a legitimate financial instrument. 

Trump expressed this shift in views in an interview with CNBC, marking an interesting development in the world of crypto assets.

From “Fraud” To “Additional Form of Currency”

Three years ago, Trump's stance on Bitcoin was harsh. He openly called Bitcoin a "fraud" that threatened the dominance of the United States Dollar as the world's reserve currency. However, this view seems to have changed. In a CNBC interview, Trump called Bitcoin “an additional form of currency.” He acknowledged the rapid use of Bitcoin and expressed his doubts about taking steps that could limit the development of this crypto asset.

This statement was a significant turning point. Previously, in 2021, Trump was of the view that Bitcoin could weaken the advantage of the United States Dollar. Now, he actually sees Bitcoin's potential as a financial instrument that can grow alongside traditional currencies.

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Trump: Bitcoin Already Has a Strong User Base

Trump's change in attitude did not happen suddenly. His statement to CNBC is actually in line with comments he made the previous month. At the time, Trump acknowledged that Bitcoin "already has its own user base" and needed proper regulation.

However, it is important to note that Trump is not yet a complete Bitcoin fanatic. He still emphasizes the importance of the United States Dollar as the main currency. "I only want one currency, namely the dollar," he stressed. Trump is worried that people will abandon the dollar and switch to crypto assets.

Trump Interested in Crypto-Backed NFT World

While not yet fully inclined towards Bitcoin, Trump has shown interest in the underlying blockchain technology. This can be seen from his enthusiasm for Non-Fungible Tokens (NFT) . Trump talked about the high level of public interest in his NFT collection. He was amazed at how many NFTs were purchased using “this new cryptocurrency.”

Trump's Views and the Future of Crypto Regulation

Trump's statements, regardless of the motives behind them, could impact the crypto regulatory landscape in the United States. Support, although not explicit, for Bitcoin could encourage the formation of more accommodating regulations. Proper regulation can create a conducive environment for the growth of crypto assets and protect investors.

Buy BTC: Future Investment Opportunity?

Trump's change in attitude towards Bitcoin can be seen as an indicator of wider acceptance of crypto assets. Bitcoin, with its innovative technology and disruptive potential, is increasingly attracting the interest of financial players and investors.

However, before deciding to Buy BTC, it is important to do in-depth research. Bitcoin is a volatile asset and has high risks. Investors need to understand their risk profile and invest according to their financial capabilities.

Some things to consider before Buying BTC:

• Price Volatility: Bitcoin prices can change drastically in a short period of time. Investors must be prepared to face significant price fluctuations.
• Regulation: Crypto regulations are still evolving. Regulatory changes could impact the price and use of Bitcoin.
• Security: Investors should choose a credible Bitcoin buying and selling platform and implement strict security measures.

Also Read: CryptoPunk Sells for $16 Million: The Era of NFT Markets is Back?

Buy BTC/IDR Today

Source: Bittime.com

On March 12 2024, the price of Bitcoin BTC/IDR was at IDR 1,132,973,840 per coin, up 1.16% in 24 hours.

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Conclusion

Donald Trump's change in attitude towards Bitcoin is a positive signal for the future of crypto assets. Now, Buy BTC is no longer considered a controversial decision. However, it is important to always be careful and do your research before starting to invest. Buying BTC can be a tempting opportunity, but make sure you understand the risks.

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How to Buy Bitcoin (BTC) on Bittime

You can buy and sell  Bitcoin (BTC)  in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Bitcoin (BTC)  is available on Bittime with  the market pair BTC/IDR . To be able to buy  BTC IDR  at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy Bitcoin (BTC) on Bittime . 

Monitor price  chart movements  for Bitcoin (BTC ) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.