Donald Trump says the US government shouldn't sell its cryptocurrency

In a high-profile livestream with Adin Ross on the platform Kick, Republican nominee Donald Trump doubled down on his pro-crypto stance, likening the technology's importance to the current Artificial Intelligence race.

Strategic Competition with China

Addressing the U.S. government's recent disposal of seized digital assets, Trump criticized the current administration's selling pressure, arguing that the U.S. must build its holdings to remain competitive.

"It’s like AI — 'do you love it or do you not like it?' — if we don’t do it, China is going to do it... and we can’t be left behind."

Market & Policy Snapshots

Government Holdings: The U.S. still holds approximately $11.1 billion in crypto, despite a recent $2 billion BTC transfer tied to Silk Road funds.
Mining Ambition: Trump reiterated his goal for the U.S. to become a "BTC mining superpower."
Legislative Support: Sen. Cynthia Lummis has drafted a bill for the U.S. to purchase 200,000 BTC annually over five years.

Metric	Value at Publication	Context
BTC Price	$53,797 (-9%)	Market Volatility
Trading Volume	$118.5 Billion	High Liquidity Period

Analysts from Bernstein suggest that crypto markets will continue to trade "top-down" based on these political developments until the early November election results are finalized.