Trump Once Said He's No Fan of Bitcoin and Its Value Is Based on 'Thin Air' — $1,000 Invested That Day Would Be Worth This Much Today

President Donald Trump now fully supports Bitcoin , a sharp turnaround from the days when he openly dismissed the asset class.When Trump Was Skeptical of CryptoDuring his first term as president in July 2019, Trump said he was no “fan” of Bitcoin and other cryptocurrencies, whose value, he added, was based on “thin air.”“Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….,” he added.Trump also asserted that the dollar is America’s only “real currency,” describing it as both “dependable and reliable.”I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….Bitcoin’s Surge Since Trump’s RemarksWhen Trump made these statements, one Bitcoin was worth $11,815.99.Fast forward to August 2026; the asset’s price has zoomed to $77,525. That’s an increase of 556%. So, a $1,000 investment would have grown into $6,561 today Read Also: The ‘Crypto President’Since his return to power, Trump has endorsed cryptocurrency, completely setting aside the negative remarks he made in 2019.He now frequently talks about and supports clear regulations for the asset classTrump, directing officials to develop budget-neutral strategies for acquiring additional BTC.Interestingly, he said that Bitcoin "takes a lot of pressure off the dollar"—the very currency he otherwise insisted is America’s only real money.He’s also profiting from the asset class, during his first year of presidency.Price Action: At the time of writing, BTC was exchanging hands at $77,525, down 0.60% over the last 24 hours, according to data from Benzinga Pro. Read Also: Coinbase CEO Says Tokenized Assets Could Do For Finance What the iPhone Did For Tech: ‘An Entirely New Wave of Companies’ Photo: IAB Studio / Shutterstock – ek