Trump Lays Claims to Reason Behind Bitcoin’s ATH

US President Donald Trump credited Bitcoin’s record highs to his pledge to establish America as the global hub for cryptocurrency.

Trump said at the Future Investment Initiative Institute conference on Wednesday in Miami:

"Bitcoin set multiple all-time record highs because everyone knows that I'm committed to making America the crypto capital."

At the time of writing, Bitcoin is trading at $96,969.35, a 1.72% increase in the last 24 hours, and a 0.52% increase in the last seven days.

Just a month ago, BTC was close to $110,000, a new all-time high (ATH).

Trump Zooms In on His Pledge to Make US the Crypto Capital

Trump noted:

"We want to stay at the forefront of everything, and one of them is crypto, and Miami seems to be the center of the action, come to think of it, and maybe it'll stay there."

Before his election, Trump vowed to make the US “the crypto capital of the planet.”

Since then, he has taken multiple steps to back digital assets, including appointing crypto-friendly former regulator Paul Atkins to lead the US Securities and Exchange Commission (SEC)—an agency central to industry oversight.

Trump also launched the TRUMP meme coin ahead of his inauguration, with Melania Trump introducing her own shortly after.

Both tokens quickly soared to multi-billion-dollar market caps, further cementing his influence in the crypto space.

Trump Takes Dig at Biden…Again

Trump highlighted his executive orders designed to solidify US leadership in artificial intelligence and put an end to what he called Joe Biden’s "war on Bitcoin and crypto."

He claimed his actions effectively reversed the previous administration’s hostility toward digital assets.

On Wednesday, Trump also criticised the SEC’s approach under Biden, particularly former Chair Gary Gensler, who stepped down last month.

Gensler was known for his scepticism toward crypto, classifying most tokens as securities and leading aggressive enforcement actions against firms for alleged noncompliance.

He expressed:

“I’ve signed executive orders to keep the United States at the forefront of artificial intelligence and to end Joe Biden’s war on Bitcoin and crypto. We ended that war totally. That war’s over. They were very hostile toward them until the very end because there's so many people on bitcoin and crypto that just before the end, the SEC came out, and they were being very nice."