Trump's Bitcoin Stance Will Be His Most Important MAGA Policy

By embracing bitcoin, Trump can give the Republican Party a massive inherent advantage over the Democrats.

President-elect Donald Trump has a penchant for making bold promises, and one that has flown under the radar is his pledge to be a “bitcoin-friendly” president.

This promise could have major implications for the future of cryptocurrency in the United States. Trump has already signaled his support for a strategic bitcoin reserve, and a bill has been introduced in Congress to compel the federal government to buy 1 million bitcoins.

Trump's embrace of bitcoin is significant because it aligns with the Make America Great Again (MAGA) agenda in several ways. First, bitcoin cannot be inflated or centralized, which makes it anathema to tyrants.

Second, it gives financial control back to the people, which is why many nations prefer to implement a central bank digital currency (CBDC) rather than embrace bitcoin.

Third, Trump's pro-bitcoin politics have already paid dividends in his electoral success. His promise to free Russ Albrecht, creator of the bitcoin-driven Silk Road platform, helped him win over libertarian and independent voters.

Trump's embrace of Bitcoin is a downplayed story in his sweeping electoral victory last month. Trump's dominance on the margins allowed him to take every battleground state as he staked out a strong position on the bitcoin issue that mattered to an overlooked group of swing voters.

These swing voters may have been considered on the fringe, but so were ideas like building the wall, getting out of NAFTA, and bringing the troops home — before Trump made them mainstream and realized them. Trump has the power to make pro-bitcoin politics mainstream in the Republican Party as well.