Binance CEO Changpeng Zhao says he thinks President Trump will flip on Bitcoin and become an investor – after he leaves office.
At this week’s Binance meetup in Canary Wharf, London, Zhao touted Trump’s business smarts and said the sitting president is currently in no position to publicly back Bitcoin over the US dollar, reports Decrypt.
“I’m pretty sure that after Trump retires, he will get into crypto. Right now, without retiring, he’s in a position that he should not promote crypto over U.S. dollars.
President Trump is a very smart businessman. I think he will get it.”
Last month Trump scolded the crypto scene in a dismissive tweet.
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”
At that time, Zhao told CNBC he thinks Trump’s comments actually gave the crypto industry a boost and noted that Trump hasn’t actively done anything to change crypto regulations in the US.
“Trump so far has not done anything positive or negative, he’s just said he’s not a fan. The fact that he tweeted about it, and the president of the United States is talking about cryptocurrency, it’s a good thing.
Cryptocurrency will survive regardless of any one country. Most countries that try to ban bitcoin cause their citizens to want cryptocurrency more.”