Donald Trump, Who Once Called Bitcoin a “Scam,” Now Says Crypto Is the “Solution”

• President Trump called the traditional financial system “broken” and promoted cryptocurrency as the solution.
• An executive order now allows 401(k) accounts to invest in cryptocurrencies and private equity.
• Accountable.US estimates 73% of Trump’s net worth comes from crypto holdings, alongside a $1.5 billion family crypto treasury.

In a stunning reversal, President Donald Trump who once called Bitcoin a “scam” has delivered one of his most direct endorsements of cryptocurrency yet. He is now calling the traditional financial system “broken” and arguing that digital assets offer a “solution.” 

This dramatic change of heart coincides with a flurry of pro-crypto policy actions and new revelations about his personal holdings, and legislative debates that could redefine the role of crypto in the U.S. economy.

It’s come to this. Even with a lawsuit threat from the President, Fed Chair Powell holds firm on the economy. Here’s our analysis.

Backing Up Words with Action

Backing up his new pro-crypto rhetoric, the President on August 7 signed an executive order enabling 401(k) retirement accounts to invest in cryptocurrencies and private equity alongside …

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