Bitcoin bounces back after Trump calls himself a big crypto guy

Bitcoin bounced back Monday after President Trump called himself “a big crypto guy” and gave a positive, if noncommittal, answer when asked about the prospect of digital assets becoming part of his newly-launched Trump Accounts.Prior to those remarks, the cryptocurrency fell as much as 2% toward $60,000 after filings revealed Strategy, the largest corporate holder of Bitcoin, sold $216 million worth last week – abandoning co-founder Michael Saylor’s pledge to “never sell your Bitcoin.”Bitcoin later rose 0.4% to $63,822, reversing those losses after Trump boasted about his crypto-friendly administration – though it’s still far below its record high of more than $126,000 last year.Asked at an Oval Office press conference whether Bitcoin could become part of Trump Accounts, the president answered, “I’ve become a big crypto guy.”He went on to explain there’s “only one reason” for that stance, saying, “If we don’t have it, China’s going to have it, and they would like to have it.But now they’re not even trying that hard, because we’ve taken over.”Follow The Post’s live coverage of President Trump and national politics for the latest news and analysisThe tax-advantaged 503A accounts known as Trump Accounts launched over the holiday weekend, seeded with $1,000 for US children born between Jan.

1, 2025, and Dec.31, 2028.

They are an attempt to help American kids build savings over a lifetime by investing in broad-market exchange traded funds.During his remarks on crypto, Trump jabbed at the Biden administration’s strict regulatory enforcement on the industry. “Every time I see a crypto guy where they dropped an investigation I said, ‘You are lucky I’m president!’” Trump said. The Securities and Exchange Commission abruptly dropped its investigations into Robinhood and Coinbase’s trading practices in February 2025, soon after Trump returned to the Oval Office.“Crypto has a tremendous audience.So, yeah, I’m very...