#Trump backs cryptocurrencies#

Former U.S. President Donald Trump recently said in an interview that he will do “great things” with cryptocurrency. This would make him the first U.S. president to explicitly endorse cryptocurrencies. Trump’s statement has sparked widespread attention, four days before his inauguration. While Trump did not elaborate on how he would use cryptocurrency, his comments suggest that he is optimistic about the future of cryptocurrencies. Some analysts believe that Trump’s statement could further propel the cryptocurrency market and attract more investors to the field. However, some are cautious about Trump’s remarks, suggesting that he may have made them merely to grab attention. Regardless, Trump’s statement indicates that cryptocurrencies are becoming an increasingly important asset class and will play a larger role in the future.