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Trump says he has become a loyal crypto enthusiast.
U.S. President Donald Trump responded positively at a press conference on Monday when asked whether Bitcoin would be included in the recently launched "Trump Accounts," stating that he has become a loyal supporter of cryptocurrency.
After Trump publicly expressed his support for cryptocurrency, Bitcoin's price strengthened, currently rising 1.7% to $63,810.
The "Trump Accounts" were officially launched over the past weekend, designed to help children accumulate long-term savings in their lives. These accounts enjoy tax benefits and are expected to drive capital inflows into the U.S. stock market, as investors can choose to invest in a series of broad-market exchange-traded funds (ETFs).