Trump Declares Himself 'Big Fan of Crypto', Hints at Adding Bitcoin to Accounts at Bitcoin Conference

2 hour ago 5 sources positive

Key takeaways:

  • Trump's crypto endorsement amplifies political legitimization, but policy uncertainty persists for near-term.
  • Spot ETF inflows and institutional presence indicate structural Bitcoin demand, not just speculative.
  • Anti-short-seller rhetoric and large holder sales indicate potential sharp corrections amid euphoria.

US President Donald Trump took the stage at the Bitcoin Conference in Nashville, delivering a speech that placed digital assets firmly in the political spotlight. During his keynote, Trump emphatically declared, "I'm a big fan of crypto," signaling a notably positive stance that resonated with the crypto community.

When asked whether the so-called "Trump Accounts" would include Bitcoin, he teased the possibility, replying, "Something might happen" without making a firm commitment. This hint of a potential personal investment in BTC added to the market's intrigue.

Beyond his own crypto enthusiasm, Trump made a point of thanking several corporate giants, including Dell and Micron, and acknowledged the presence of heavyweight financial institutions like Blackstone, BlackRock, and Goldman Sachs at the event. He even encouraged attendees to "go and buy a Dell," referencing a donation that he claimed would be returned somehow.

The president did not spare market participants from his commentary. He targeted short sellers, stating that those who bet against the market were "being wiped out" and were "in big trouble." These remarks came as Bitcoin briefly touched $64,000 over the holiday weekend before retreating below $62,000, with analysts noting that Strategy's Bitcoin sales contributed to the pressure.

While the speech itself does not translate into immediate policy, it illustrates how crypto policy is becoming a campaign and governance issue. With spot Bitcoin ETFs recording their first net inflows since June 12 — $223.5 million on July 2 — the combination of political attention and institutional interest continues to shape market sentiment.

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