Donald Trump has come a long way from his first term, when crypto barely registered on his radar. On Monday, standing in the Oval Office for the launch of his new Trump Accounts savings progr
Donald Trump has come a long way from his first term, when crypto barely registered on his radar.
On Monday, standing in the Oval Office for the launch of his new Trump Accounts savings programme, he left the door open on whether Bitcoin could one day be part of it, and used the moment to explain, in his own words, how he became a believer.
The shift, he said, was partly competitive and partly commercial. He watched the money moving.
" I realized there are a lot of people love crypto and even me as a businessman, I’d see a lot of money starting to come in with Bitcoin," he said, describing the moment crypto stopped being background noise and started becoming something he paid attention to.
Trump Accounts launched on July 4, 2026 under the One Big Beautiful Bill Act. Each account is a tax-advantaged savings vehicle for children, seeded with a one-time $1,000 government deposit for eligible kids born between 2025 and 2028.
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Families can add up to $5,000 a year. The funds are locked until age 18. At the Oval Office ceremony, Trump rang the opening bells of both the NYSE and Nasdaq simultaneously, the first time that had ever been done from the White House.
When asked whether Bitcoin could eventually be included in these accounts, Trump said he considers himself a big supporter of crypto. He acknowledged that he hadn't always felt that way, explaining that China's growing interest in the sector changed his perspective. He added that if the U.S. doesn't lead, another country will.
Trending on TheStreet Roundtable“Crypto has a tremendous audience. So, yeah, I’m very much for crypto,” he said.
Bitcoin climbed back above $60,000 this week after Trump's remarks, recovering from a stretch of pressure driven by rising Treasury yields and institutional outflows.
It remains roughly 50 percent below its all-time high of $126,000 set earlier this cycle.
Trump's comments did not move Bitcoin alone. They came alongside his administration's broader crypto record, a Strategic Bitcoin Reserve, the GENIUS Act for stablecoin, and eased enforcement at the SEC. The policy direction has been consistent. The price has not kept up, yet.
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