President Donald Trump called cryptocurrency "powerful" during the launch of Trump investment accounts for children, while also attempting to distance himself from his family's crypto ventures.
On Monday, during the launch of Trump accounts — new tax-advantaged investment vehicles for children under 18 — the president was asked whether bitcoin could be included in those investments.
Though Trump did not answer directly when asked whether bitcoin (BTC) would be included, he said he is a "big crypto guy," pointing to competition in China and crypto's political swing.
"I got involved in it a little bit for politics because I realized that a lot of people love crypto, and even me, as a businessman, I'd see a lot of money starting to come in with bitcoin, and you know the different forms, and I said — this thing's got a lot of life," Trump added.
Later, Trump touched on his family's crypto ventures — which have become a point of contention among lawmakers in Washington. Last week, the Office of Government Ethics released Trump's financial disclosure report, which revealed hundreds of billions of dollars in bitcoin and etheruem tied to his family's crypto company called World Liberty Financial (WLFI).
