President Trump evaluated cryptocurrency as a "very popular and hot" asset, showing a positive stance. He expressed his views on cryptocurrency during an interview with host Christine Welker on NBC's 'Meet the Press' program.
Even in a situation where Bitcoin (BTC) failed to break through $100,000 and the overall market dropped by 2.1%, President Trump expressed strong support for the cryptocurrency market. He mentioned that the cryptocurrency market is showing a "stronger appearance" compared to the stock market.
When asked about the 58% surge in the price of the 'Trump Token', President Trump said, "I didn't know such a thing happened" and asked, "How much did it rise?" When Welker explained that the price had risen significantly, he dismissed it, saying, "Is it $1 billion?" and "That means nothing."
According to on-chain data analysis from last week, large-scale transfers to centralized exchanges occurred, raising suspicions that the token team might have attempted a 'pump and dump' after the dinner invitation. However, President Trump firmly stated that he "did not take any profits."
President Trump emphasized that cryptocurrency is important "because China will do it if we don't." He also added that the cryptocurrency industry is very popular, saying "millions want it."
Meanwhile, Bitcoin rose to $98,000 last Friday but dropped below $96,000 over the weekend. It is currently trading at $94,666, with a 24-hour trading volume of $19.5 billion. It maintains a market share of over 60%.
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