Adam Back: Trump Administration Drives Global Bitcoin Expansion

• Trump pushes government adoption of Bitcoin
• Adam Back praises political support for cryptocurrencies
• Governments accumulating Bitcoin could increase demand

Even though he is physically absent from the Bitcoin conference in Las Vegas, former US President Donald Trump continues to influence debates in the sector. Names such as Senator JD Vance are among the confirmed participants, while the regulatory impact under the current administration is highlighted among the speakers.

For Adam Back, CEO of Blockstream and one of the most respected figures among the early cypherpunks, the current environment contrasts radically with the early years of Bitcoin, marked by resistance to state structures. Today, according to him, there is a transformation underway, driven by political leaders who are more favorable to cryptocurrencies.

Back stated that, although the political approach compromises part of Bitcoin's original ethos, the Trump administration's more friendly stance is shortening the adoption of the digital currency by governments by decades. He highlights that state initiatives, sovereign funds and the possibility of strategic reserves in Bitcoin are already being considered.

“The idea of ​​governments buying Bitcoin — people probably thought it would take four decades to happen in 2015. But here we are,” he said.

Recognized as the creator of Hashcash — a proof-of-work system that serves as the basis for Bitcoin — Back also reinforces that this new institutional interest significantly increases demand, previously restricted to retail and the corporate sector.

While he prefers governments to accumulate slowly so that individual investors can still take advantage of good opportunities, he warns that staying out could mean losing economic relevance.

Even with obstacles under previous administrations, such as the delay in approving spot Bitcoin ETFs in the US, Back sees steady progress in the sector. According to him, previous barriers only pushed innovation to other jurisdictions.

“They were creating friction, which was actually pushing the technology outwards. There are still limitations, but in practice this has gradually been accepted and regularised,” he added.

This positioning reinforces Bitcoin's strategic role in the current situation, making it clear that direct political involvement, albeit controversial, is accelerating institutional interest in the market's main cryptocurrency.