Trump Once Said He's No Fan of Bitcoin and Its Value Is Based on 'Thin Air' — $1,000 Invested That Day Wo

President Donald Trump now fully supports Bitcoin (CRYPTO: BTC), a sharp turnaround from the days when he openly dismissed the asset class.

When Trump Was Skeptical of Crypto

During 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.”