Trump says cryptocurrency is a "big deal" as Bitcoin payments spread
The U.S. president said more people are paying with Bitcoin and added that some people no longer even know what cash is, according to a video released by Bitcoin Magazine on X.
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Fact Check
Multiple independent sources dated August 7, 2026 (CoinNess/Watcher.Guru, Coinpedia, and several crypto news X accounts) report the same remarks with a consistent near-verbatim quote: Trump calling crypto 'a big deal' and saying people increasingly pay with Bitcoin and 'don't even know about cash anymore.' This matches the claim precisely. I could not independently confirm the specific Bitcoin Magazine video post cited, so confidence is medium rather than high, but the convergence of multiple concurrent reports strongly supports the claim's substance.
Summary
U.S. President Trump said cryptocurrency is a "big deal" and pointed to broader Bitcoin payment use as a sign of rising adoption. In a video released by Bitcoin Magazine on X, Trump said he is seeing more and more people using Bitcoin for payments and added that some people "don't even know what cash is anymore." The remarks underscore a familiar crypto market narrative that digital assets are moving beyond trading and into everyday payments, though the clip provides no further details on where or when the comments were made.
Terms & Concepts
- Bitcoin payments: Transactions settled using Bitcoin instead of cash or bank-issued money.
- cryptocurrency: A digital asset that can be transferred and stored on crypto networks.