# Why does Trump support Bitcion?

> An opportunity for the United States to turn things around.

**Published by:** [my sun](https://paragraph.com/@my-sun/)
**Published on:** 2024-12-06
**URL:** https://paragraph.com/@my-sun/why-does-trump-support-bitcion

## Content

With Trump coming into office and Musk's support, the price of Bitcoin has been hitting new highs continuously. It broke through $100,000 just yesterday. All of a sudden, people are asking what exactly makes Trump support Bitcoin so much. Bitcoin is a decentralized blockchain project. Logically speaking, countries that focus on centralization shouldn't like something decentralized like this. However, as the U.S. dollar keeps increasing its issuance, inflation will intensify. The United States has to find a high-quality asset that can replace gold. Although gold is also scarce, its mining and transportation are both problematic. Nevertheless, the emergence of Bitcoin can completely replace gold. The currencies of countries around the world will all experience over-issuance in the future. So ultimately, choosing Bitcoin as an anchor for a national currency is the best option. Let's wait and see. Those countries that don't think highly of it now will regret it in the future.

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