Bitcoin experienced a resurgence on Monday after former President Donald Trump identified himself as “a big crypto guy” and offered a favorable, albeit noncommittal, response to questions about incorporating digital assets into his newly launched Trump Accounts.
The cryptocurrency had previously fallen by as much as 2%, approaching $60,000. This dip followed disclosures that Strategy, the largest corporate holder of Bitcoin, had sold $216 million worth in the preceding week, marking a departure from co-founder Michael Saylor’s long-standing “never sell your Bitcoin” philosophy.
Bitcoin later climbed 0.4% to $63,822, recovering earlier losses after Trump emphasized his administration's crypto-friendly stance. Despite this recovery, the price remains significantly below its peak of over $126,000 from the previous year.
During a press conference, when asked if Bitcoin could be integrated into Trump Accounts, the former president stated, “I’ve become a big crypto guy.” He further elaborated that his stance stems from the belief that if the U.S. does not embrace cryptocurrency, China will. "But now they’re not even trying that hard, because we’ve taken over," he added.
The tax-advantaged 503A accounts, known as Trump Accounts, were introduced over the holiday weekend. They are intended to provide $1,000 to U.S. children born between January 1, 2025, and December 31, 2028, with the goal of assisting American youth in building long-term savings through investments in broad-market exchange-traded funds.
Trump also used the occasion to critique the current administration's regulatory approach to the cryptocurrency industry. "Every time I see a crypto guy where they dropped an investigation I said, ‘You are lucky I’m president!’” he remarked, referencing the Securities and Exchange Commission's abrupt cessation of investigations into Robinhood and Coinbase's trading practices in February 2025, shortly after his return to office.
He concluded his remarks by stating, “Crypto has a tremendous audience. So, yeah, I’m very much for crypto,” while stopping short of a commitment to include the asset in Trump Accounts.
Trump's personal financial disclosures for 2025 recently drew scrutiny, revealing over $1 billion in cryptocurrency income. According to reports, he earned more than $600 million from personalized meme coins, while investors in his $Trump coin reportedly lost $3.81 billion.
His comments on Monday appeared to bolster sentiment among crypto investors after a period of significant market volatility. Bitcoin had been on a downward trend since Strategy began selling off portions of its holdings in May, a move that contrasted sharply with its previous investment strategy.
Financial disclosures from Monday indicated that Strategy sold an additional $216 million of Bitcoin last week, signaling a more definitive shift away from its “never sell” policy amidst a declining digital asset market. This marked the company's largest Bitcoin sale since it began accumulating its holdings in 2020, and only its third sale overall.
Analysts have suggested that the weakening of the “never sell” perception surrounding Strategy’s Bitcoin holdings could reintroduce pressure on its capital structure. Under Michael Saylor, who stepped down as CEO in 2022, Strategy's significant Bitcoin reserves had previously encouraged investor confidence. However, the volatile market has led to a substantial decline in Strategy’s stock value, down 75% over the past year. Bitcoin itself has fallen 40% over the same period, with some analysts warning of further potential declines as investors seek liquidity ahead of anticipated initial public offerings in the artificial intelligence sector.