MarketPR
US President Donald Trump, who once publicly called Bitcoin "a scam," acknowledged on Monday that his transformation into what he now describes as "a big crypto guy" was driven at least partly by political calculation.
The candid admission cuts against the narrative of organic ideological conversion that has accompanied his public embrace of digital assets, and it is the kind of headline that derivatives desks will be watching — because sentiment anchored to political convenience can reprice fast.
From 'Scam' to Standard-Bearer Trump's on-record hostility toward Bitcoin is not ancient history. His characterization of the asset as a scam represented a clear and public position, not an off-hand remark.
The reversal into open advocacy — complete with a self-applied label of "big crypto guy" — was already one of the more closely watched political pivots in the digital-asset space.
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