President-elect Donald Trump is handed a coat by trader Peter Giacki as he walks on the floor of the New York Stock Exchange on December 12, 2024.
Alex Brandon | AP
President-elect Donald Trump has said that the United States will become the world leader in cryptocurrencies during his next term.
President Trump told CNBC's Jim Cramer at the New York Stock Exchange on Thursday: “We're going to do great things with cryptocurrencies because we don't want China or anybody else…but other countries are also going to do great things with cryptocurrencies. “We accept it and we want to move forward.” Answered questions regarding potential strategic Bitcoin reserves.
President Trump's involvement in the cryptocurrency industry is a welcome pivot for digital currency investors, given the current administration's notoriously controversial ties to crypto businesses. The National Strategic Bitcoin Reserve, or stockpile, is one of Trump's many campaign promises to the growing industry that helped get him re-elected.
President Trump rang the opening bell at the New York Stock Exchange to celebrate his acceptance of Time magazine's Person of the Year award.
Bitcoin It was little changed on Thursday, hovering just above the $100,000 milestone it crossed last week.
