President Trump calls 7-year-old Bitcoin video the “greatest ever,” sparking buzz and investor excitement. Here’s why it matters.
When U.S. President Donald Trump reposted a 7-year-old Bitcoin testimonial video and referred to it as the best, he fulfilled investors’ dreams.
The administration’s attitude toward cryptocurrency has changed since Trump took office.
The Senate’s passage of three well-known cryptocurrency laws is the best illustration.
There will be more, which will pique interest and raise the question of why the President brought up this film.
Why Is President Trump Sharing Best Bitcoin Video?
President Trump shared Peter Van Valkenburgh’s 2018 Senate testimony, which lasted six minutes, on Truth Social over the weekend.
He called it the “Greatest Bitcoin explanation of all time,” which is more significant.
The movie was already well-liked by cryptocurrency aficionados, but since the President posted it, its worth has increased even more.
Since it isn’t ostentatious or overhyped, the video explanation is regarded as the finest by Trump and all cryptocurrency enthusiasts.
Instead, it gets to the point and outlines why Bitcoin is necessary.
CoinCenter’s Director of Research, Peter Van Valkenburgh, gave a succinct and straightforward explanation of Bitcoin and its necessity, referring to it as the “first cryptocurrency powered by the world’s first blockchain network.”
He lists its main advantages: anyone with a computer and an interest can send or receive value from anywhere.
It is improved, though, by the Trump Bitcoin video’s explanation of its drawbacks and the need to address them.
“It’s not perfect because it’s not accepted everywhere, it’s volatile, and it doesn’t always serve the best story of value,” Valkenburgh continues, “but it works.”
Like the interest, its ability to operate without an intermediary is revolutionary, and it has driven the price of Bitcoin to $119.3k.
“Revolutionary Nature Of Bitcoin”
Valkenburgh responds, “Is it revolutionary?” in the advantages and needs section, with an oblique “yes.”
It is mentioned that this is the first digital payment system.
In the past, citizens were forced to rely on banks, intermediaries, and private organizations.
But that is no longer the case with Bitcoin, which is permissionless, borderless, and similar to digital currency.
The Bitcoin video that President Trump posted contains a compelling analogy to the Internet for a more straightforward explanation.
Though Bitcoin is revolutionary, the Internet is revolutionary for knowledge, not money.
Considering the significant data breaches, hacks, and failures of real-world assets, the decentralized infrastructure becomes even more crucial.
The overall takeaway from the film is that Bitcoin is more than just virtual currency. It is an open, worldwide, and robust public infrastructure.
Why Is Trump’s Bitcoin Video Important?
President Trump’s support for this and the other digital assets is reaffirmed in the Bitcoin video.
More significantly, it supports his other crypto-policy initiatives and is evidence of his efforts to promote it within the U.S. administration and beyond.
During Crypto Week, the Senate approved two additional crypto measures and Trump signed the GENIUS Act.
There are also talks for a higher degree of adoption and creation of a strategic Bitcoin Reserve.
Additionally, Trump is about to sign an executive order allowing the retirement market to invest in Bitcoin and has reaffirmed his support for the tax exemption for cryptocurrency.
🇺🇸 WHITE HOUSE JUST CONFIRMED PRESIDENT TRUMP TO ELIMINATE CAPITAL GAINS FOR #BITCOIN PAYMENTS
HERE WE GO!!! pic.twitter.com/T2NyURoQJY
— Vivek⚡️ (@Vivek4real_) July 17, 2025
Trump has supported Bitcoin and acknowledged its metrics and flaws in the BTC video.
Trump’s recent actions have been self-evident, but the tweet clarified further.
