Trump sparks talks of bitcoin as a strategic reserve asset

Donald Trump has just said: “I will ensure that the future of crypto and Bitcoin is shaped in the USA. I will support the right to self-custody for the nation's fifty million crypto holder

Former U.S. President Donald Trump has shared his views on the cryptocurrency industry.

"Our country must be the leader in the field; there is no second place," Trump declared in a May 25 post on Truth Social, a social media platform owned by Trump Media and Technology Group (TMTG).

"I am very positive and open-minded about cryptocurrency companies and all things related to this new and burgeoning industry," he claimed, before criticizing the current president, Joe Biden, whom he is challenging in the 2024 presidential race, with the U.S. election day set for November 4.

The Libertarian Party's National Convention also took place in Washington on the same day.

Trump's recent positive stance on crypto has raised expectations within the industry regarding his potential victory.

According to Polymarket, a New York-based crypto prediction platform, Trump has a 56% chance of winning the election, while current President Joe Biden holds a 38% chance.