Bitcoin News
By Sakamoto Nashi
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Former U.S. President Donald Trump has again expressed strong support for Bitcoin by sharing a 2018 Senate testimony he labeled the “greatest Bitcoin explanation of all time.
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The video Trump shared on his Truth Social account shows Van Valkenburgh delivering remarks before the Senate Banking Committee in October 2018.
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“Bitcoin is the world’s first globally accessible public money,” Van Valkenburgh said. “It allows you to send and receive value worldwide without relying on a centralized…
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The testimony emphasized Bitcoin’s decentralized nature, its ability to function without third parties, and its role as a public digital payments infrastructure.
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Trump’s endorsement of the video is just the latest signal of his administration’s growing embrace of cryptocurrency.
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In March, he signed an executive order to establish a Strategic Bitcoin Reserve using Bitcoin obtained through civil and criminal forfeiture.
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Last week, Trump took another major step by signing the GENIUS Act, a law designed to create federal standards for dollar-backed stablecoins.
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Despite Trump’s vocal support, Bitcoin has not led the market this week. While BTC briefly traded above $118,000, it has declined nearly 3% over the past seven days.
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Dogecoin, which remains one of the most talked-about tokens online, saw an impressive 32% rise during the same period.
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These movements show that while Bitcoin remains the most recognized cryptocurrency globally, it isn’t always the top performer in the market.
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Trump’s public praise of Van Valkenburgh’s speech fits into a broader effort to position himself as a champion of financial innovation.
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However, the market is driven less by political sentiment and more by technological progress and real-world adoption.
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Crypto’s Role in the 2025 Political Landscape
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With Bitcoin increasingly entering national conversations and policy frameworks, Trump’s comments could shape how voters and lawmakers view crypto going forward.
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The resurfacing of Van Valkenburgh’s testimony also brings attention to long-standing arguments in favor of decentralized finance—arguments that may now find more political and…
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