Donald Trump is drawing attention for his recent fervent interest in bitcoin (BTC), after years of showing repudiation. With this change, once again history demonstrates that not always the big influencers are right, even when it comes to investments.

It is crucial to take into account this case to avoid bad moves in the world of investments. It is enough to calculate how much money could have been earned by buying bitcoin when Trump dismissed the coin to make it clear.

Just five years ago, in July 2019, Trump said, “I am not a fan of bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air.” This statement, made when he was President of the United States, was made through a post on the social network X, then called Twitter.

He detailed that time: "Unregulated cryptoassets can facilitate illegal behavior, including drug trafficking." "In the United States, we have a single real coin, which is stronger than ever, serious and reliable. It is by far the dominant coin worldwide and always will be. It's called the United States dollar (USD)!"

However, in these days, the former president, who is running for the 2024 presidential elections, is showing a total turnaround in his vision. “Those who say that bitcoin is a threat to the dollar have the history exactly backwards,” he expressed in the last week.

"Bitcoin will go to the moon," Trump emphasized as the digital coin bulls say. "One day it will probably surpass gold," he added.

The statements were made during a conference he gave at the Bitcoin 2024 event held in Nashville, where he appeared to show support for the industry. During his participation, he warned that part of his government plan is to turn the United States into 'the cryptocurrency capital of the planet and the global superpower of Bitcoin'.