Trump had previously been a harsh critic of cryptocurrency, saying in 2021 that it “seems like a scam,” but he flipped in the following years. He spoke at last year’s bitcoin conference, made a series of promises to support crypto in office and now calls himself “the crypto president.”

Make America Great Again” hats and crypto-themed variations of the slogan were everywhere among the 30,000 attendees at last week’s Bitcoin conference in Las Vegas

Following their attendance at the 2025 Bitcoin Conference in Las Vegas, analysts at Piper Sandler expressed a cautiously optimistic view on Bitcoin and the broader digital asset space. They described themselves as “incrementally more optimistic on the momentum we’re seeing across Bitcoin and digital assets broadly.