Blockstream CEO: Trump's election as President of the United States has accelerated the government's acceptance of Bitcoin by "decades."

PANews May 28th news, according to Decrypt, Blockstream CEO Adam Back stated in an interview that Trump's election as President of the United States has accelerated the government's acceptance process of Bitcoin by "decades." Back pointed out that although there is a conceptual conflict between political embrace and Bitcoin's anti-government origins, the strategic reserves and other measures promoted by the Trump administration have brought net favourable information to the industry. Back believes that the government's slow accumulation of Bitcoin actually creates more time for individual investors to build a position. He also warned that political factors could affect market confidence, and there needs to be a balance between regulation and innovation. Currently, the United States has approved a spot Bitcoin ETF, but Back reminded that if the government completely ignores Bitcoin, it will face the risk of declining economic competitiveness.