In an interview with CNBC's "Squawk Box" show, former President Donald Trump weighs in on the current bitcoin craze.
Apparently, Trump noticed the use of Bitcoin to pay for his new Trump-branded sneakers: "I noticed that so many of them were paid for with this with a new currency ... you know, cryptocurrency and I couldn’t believe the amount."
Trump, however hasn't used Bitcoin himself: "No, no, no, but I sometimes will let people pay through bitcoin."
Formerly, Trump has expressed skepticism towards Bitcoin and cryptocurrencies, citing concerns over their volatility, regulatory compliance, and potential use in illegal activities. He has emphasized the importance of the U.S. Dollar as the world's dominant currency, according to Crypto Dispensers.
However, during Trump's presidency he was reluctant to set a new policy direction or crack down on cryptocurrencies, opening his position for a more Bitcoin-friendly position now heading into the 2024 elections.
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Bitcoin has been on a historic surge in 2024 reaching new heights and spurring investor interest across both private and institutional investors - especially with the prospect of easy-to-trade ETF's mirroring the development of the price of a Bitcoin.
Trump was recently the big winner of the so-called 'Super Tuesday', effectively securing the Republican nomination for President after rival Nikki Haley dropped out. Trump is currently leading polls ahead of the November General Election.