Trump's Win Boosted Bitcoin Adoption by ‘Decades,’ Says Blockstream's Adam Back
U.S. President Donald Trump will not attend this year's Bitcoin conference in Las Vegas, but his influence is notable with speakers like Vice President JD Vance. Blockstream CEO Adam Back reflects on the shift from Bitcoin's anti-government roots to a more mainstream acceptance, citing a decrease in regulatory threats. Trump-linked crypto ventures, including a meme coin, are overshadowing legislative efforts and facing criticism from Democrats. Back views Trump's involvement as beneficial for the crypto space, potentially accelerating government adoption of Bitcoin through state initiatives and reserves. He believes this could create additional demand beyond retail investors. Back warns that if governments neglect Bitcoin, they risk losing economic competitiveness. Despite past antagonism from the previous administration, advancements like spot Bitcoin ETFs have still occurred, indicating gradual acceptance within the industry.
