Donald Trump, who once called Bitcoin a "scam", now says that cryptocurrency is a "solution".

In a surprising turn of events, President Donald Trump – who has criticized Bitcoin multiple times and called it a "scam" – has just made one of the strongest endorsements of cryptocurrency ever. He believes that the current traditional financial system is "broken" and that digital assets are the "solution" to fix it. This shift in perspective occurs alongside a series of supportive cryptocurrency policy moves from the White House, as well as new revelations about Donald Trump's personal asset holdings, amid the U.S. Congress debating bills that could reshape the role of crypto in the American economy. Specific Action: Historic Executive Order Allows 401(k) Investment in Crypto On August 7, President Trump signed an executive order allowing 401(k) retirement accounts to invest in cryptocurrency and private equity funds, alongside traditional asset classes. This is a step that is considered revolutionary for the American pension system, expanding the scope of investment and bringing digital assets closer to the mainstream financial flow. Supporters: Believe that this move will modernize the savings strategy and help investors diversify their portfolios. Opponents: Warn that the high volatility risks of the crypto market could negatively impact retirement funds. Notably, this order comes with an "anti-debanking" policy aimed at protecting the access to financial services for businesses and individuals operating legally, including in the field of cryptocurrency. $11.6 Billion Reasons for the Change in Perspective? According to a new report from the organization Accountable.US, approximately 73% of Donald Trump's total net worth – equivalent to $11.6 billion out of a total of $15.9 billion – is currently held in cryptocurrency holdings. At the same time, World Liberty Financial – a project closely linked to the Trump family – is building a cryptocurrency reserve fund worth 1.5 billion USD through an agreement with ALT5 Sigma Corporation. This not only turned the Trump family business into a significant force in the industry, but also directly impacted market perception and policy direction from the White House. The Legal Battle at the National Assembly Although the White House has clearly leaned towards supporting cryptocurrency, the U.S. Congress remains divided. The bipartisan bill "Responsible Financial Innovation Act 2025": The goal is to establish a clear legal framework for the crypto market. Opponents (some Democratic lawmakers): Concern that the bill will undermine the power of the SEC (U.S. Securities and Exchange Commission).Senator Elizabeth Warren: Made a separate proposal, tightening controls and increasing oversight of digital assets. A Historical Turning Point for U.S. Economic Policy The combination of a pivotal personal perspective, direct financial interests, and the public policy orientation of President Trump has created a decisive moment. For the first time, the White House not only views cryptocurrency as an emerging technology but also sees it as a central pillar in the national economic vision.