Why Is Trump So Into Crypto?

Radio Atlantic

The Atlantic

Politics, News, Society & Culture

4.4 • 1.9K Ratings

🗓️ 1 May 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the past few years, Donald Trump has changed his mind about cryptocurrency. He’s gone from believing it was “based on thin air” to wanting the U.S. to become the “crypto capital of the world.” Atlantic staff writer Annie Lowrey breaks down how the president’s reversal of opinion about this notoriously volatile industry could destabilize the U.S. financial system—and lead to a crypto-induced economic crisis. Get more from your favorite Atlantic voices when you subscribe. You’ll enjoy unlimited access to Pulitzer-winning journalism, from clear-eyed analysis and insight on breaking news to fascinating explorations of our world. Subscribe today at TheAtlantic.com/podsub. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's the cinematic event of the year. Critics say incredible, jaw-dropping, action-packed with savings.
0:06.9	You're talking about Thunderbolts?
0:08.2	No, Serge, is two-for-one cinema tickets from Compaise Market, a wonderful offer.
0:13.0	So?
0:13.7	That you can use to see Marvel Studios Thunderbolts only in cinemas.
0:18.0	Woo-hoo! I'll get the popcorn.
0:19.6	Get two-to-one cinema tickets every Tuesday or Wednesday with compares the market.
0:23.4	Simples!
0:24.1	When you take out a qualifying product to compare the market.
0:26.3	One membership per year, participating cinemas, two standard tickets, only cheap as free.
0:29.3	T's and Cs apply.
0:33.0	The Bitcoin boom persists.
0:35.3	The price is not dipped since Donald Trump was elected skyrocketing
0:38.4	40% in just the past two weeks. The president-elect vowing to turn the United States into the
0:44.4	crypto capital of the planet.
0:48.0	Cryptocurrencies like Bitcoin have been around for a while now. And headlines about
0:52.6	crypto always have a boom and bust quality.
0:56.0	Overnight billionaires and tech entrepreneurs, scams and collapses on absurd scales.
1:02.2	And it wasn't clear which way the crypto story was headed, because Trump opposed it in his first term.
1:08.6	But now he's made a big turnaround.
1:11.6	Trump has become very pro-Crypto,
1:14.6	pushing to change regulations and create a world
	...

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