Former US President Donald Trump has shifted his stance on Bitcoin, diverging from his previous criticism of the cryptocurrency during his time in office. Once outspokenly skeptical of Bitcoin, labeling it a scam, Trump recently indicated a more accepting attitude toward its growing popularity. This change came to light during an interview on Fox News, where he was asked about China's digital currency and whether Bitcoin could serve as a decentralized alternative.

While still expressing a preference for the US dollar, Trump acknowledged the increasing use of Bitcoin. He remarked, "I favor the dollar, but many individuals are turning to Bitcoin, and it has gained significant traction. Although it may require regulation, it is being embraced by many. There's a growing desire to transact with Bitcoin – it's an interesting development. So, I can accept it in either case."

Trump's previous animosity towards Bitcoin during his presidency earned him notoriety within the crypto community. He not only criticized the digital currency but reportedly instructed the Treasury Secretary to tighten Bitcoin regulation. With Trump eyeing the presidential race in 2024, some speculate that his softened stance on Bitcoin could be a strategic move to appeal to voters enthusiastic about cryptocurrencies.

There's speculation in the crypto community that Trump's remarks, encompassing both pro-Bitcoin and pro-dollar sentiments, are aimed at testing the waters with voters. This tactic is often employed by politicians to attract tech-savvy voters through crypto-friendly campaigns. With Trump leading the Republican Party's presidential nomination, it remains to be seen what impact his views on Bitcoin might have on the upcoming election.