Trump publishes what “Bitcoin’s best explanation of all time”

The president of the United States, Donald Trump, surprised his followers this weekend by sharing a video about Bitcoin (BTC). Next to the clip, he published a brief but forceful message: “Bitcoin’s best explanation of all time.”

The video in question shows a fragment of the testimony that Peter Van Valkenburgh, research director of the Coin Center Studies Center, offered before the United States Senate seven years ago, in 2018.

In about six minutes, Van Valkenburgh clearly explains what Bitcoin ishow it works and why it represents a technological revolution.

“Bitcoin is the world’s first cryptoactive and works thanks to the first public blockchain,” he explains. Then Describe BTC as a simple but powerful toolwhich allows to send and receive value without the need for intermediaries, using only a computer and an internet connection.

Unlike other ways to send money online, Bitcoin does not need to trust banks or centralized entities. “It is the first public infrastructure of digital payments of the world,” says Van Valkenburgh.

And he adds: «We have public infrastructure for email and for websites, but so far the only public infrastructure for payments was cash, which only works in person. Bitcoin changes that ».

In addition to operating without intermediaries, the specialist details that Bitcoin offers other key advantages that distinguish him from traditional money.

One of them is its limited supply: There will only be 21 million BTCwhich prevents it from being created arbitrarily by central banks as it happens with Fíat money. This scheduled shortage protects its long -term value and makes it a potential reserve against inflation.

Another outstanding feature is its resistance to censorship: by not relying on a central authority, Bitcoin transactions cannot be blocked or reversed by governmentswhich guarantees greater financial sovereignty for users.

The publication that starts from Trump reinforces a position that has been consolidating from his return to the White House: A proactive support for Bitcoin and cryptoactives. Far from the distrust he showed in his first term, the president has adopted an approach that seeks to position the United States as the world leader in financial innovation based.

In that line, the president signed an executive order in March that establishes a strategic Bitcoin reserve, composed of the BTC confiscated by the federal government in judicial procedures. Being assets already in possession of the State, the measure will not imply costs for taxpayers. In addition, the decree expressly prohibits the sale of these funds.

These decisions are part of a broader plan promoted by the president. During his speech last month at the State of Crypto Summit organized by Coinbase, Trump reaffirmed his commitment to the industry and assured that his administration actively works to eliminate restrictive policies and promote favorable regulations from Congress.

An example of this approach is the approval of the genius law last week. The regulations, as cryptootics reported, establishes a regulatory framework for the stablecoins backed by dollars, demanding that the emitters maintain liquid reserves in a 1: 1 proportion, submit to periodic audits and meet transparency requirements.