Blockstream CEO: Trump's election as US president brings the government's acceptance of Bitcoin 'decades ahead of schedule'

According to Decrypt, Blockstream CEO Adam Back stated in an interview that Trump's election as the President of the United States has advanced the government's acceptance of Bitcoin by several decades. Back pointed out that although there is a conceptual conflict between political embrace and the anti-government origins of Bitcoin, measures such as strategic reserves promoted by the Trump administration have brought net profits to the industry. Back believes that the slow increase in government holdings of Bitcoin has actually created more time for individual investors to build positions. He also warned that political factors may affect market confidence and that a balance between regulation and innovation is needed. Currently, the United States has approved spot Bitcoin ETFs, but Back reminds that if the government completely ignores Bitcoin, it will face the risk of economic competitiveness decline.