President Donald Trump said Bitcoin could one day be considered for Trump Accounts during a White House event marking the launch of the government-backed savings program for children. When asked whether Bitcoin could be added to the accounts, Trump responded that 'something could happen' and called himself a 'big crypto guy,' linking his support for digital assets to competition with China. The U.S. Treasury launched the Trump Accounts app nationwide, giving families access to account funding, balance tracking, investment performance tools, and financial education lessons.
Trump Links Bitcoin Stance to China Competition
Trump did not announce a formal plan to include Bitcoin in Trump Accounts. His remarks left the option open while the program begins with traditional investment features.
He said, 'Well, I'm a big crypto. I've become a big crypto guy only for one reason.' He added, 'If we don't have it, China is going to have it.'
Trump said he was not deeply involved with crypto during part of his first term but later noticed the size of the market and public interest in Bitcoin. He said he saw money moving into Bitcoin and other digital assets.
He also said the U.S. had 'taken over crypto,' while calling the sector a large industry. The comments add to his administration's broader pro-crypto stance during his second term.
Treasury Launches Trump Accounts App With Investment Features
Trump launched the program during an Oval Office ceremony that included the opening bell for the New York Stock Exchange and Nasdaq. Treasury Secretary Scott Bessent, SEC Chairman Paul Atkins, exchange leaders, and Michael and Susan Dell attended the event.
Trump Accounts were created under the One Big Beautiful Bill Act signed in 2025. Treasury guidance refers to the accounts as 530A accounts, which are tax-advantaged investment accounts for children.
The government deposited a one-time $1,000 seed contribution into accounts for more than 500,000 children. Children born between January 1, 2025, and December 31, 2028, who are U.S. citizens qualify for the federal deposit.
Families can contribute up to $5,000 a year. The funds remain locked until age 18, when the account converts into a traditional individual retirement account.
The Treasury's Trump Accounts app now allows parents to fund accounts, link bank accounts, monitor balances, manage contributions, and review investment performance. The app includes 15 financial education lessons covering basic investment concepts. It also supports recurring deposits and personalized financial guidance.
Officials said Trump Accounts are free to open. Contributions may come from parents, employers, charitable groups, and government programs.
Corporate Partners Pledge Financial Support for Program
More than 50 companies have pledged support through employer contributions or added funding. Participating firms include Visa, Dell, Comcast, and Micron, which pledged $250 million to support the program.
SpaceX President Gwynne Shotwell also said she would donate to the Trump Accounts program. Her gift includes shares of SpaceX stock owned by her and her husband.
Shotwell said the donation will go to about 2 million Trump Accounts, with more focus on children near her home in central Texas. She wrote, 'We have been fortunate in our careers and hope this gift encourages the next generation to continue the journey of enabling humanity to live and fly amongst the stars.'
FAQ
What did Donald Trump say about Bitcoin and Trump Accounts?
Donald Trump said Bitcoin could one day be considered for Trump Accounts during a White House event. When asked whether Bitcoin could be added to the accounts, he responded that 'something could happen.' He called himself a 'big crypto guy' and linked his support for digital assets to competition with China, stating, 'If we don't have it, China is going to have it.'
How do Trump Accounts work and who qualifies for the federal deposit?
Trump Accounts are tax-advantaged investment accounts created under the One Big Beautiful Bill Act signed in 2025. The government deposited a one-time $1,000 seed contribution into accounts for more than 500,000 children. Children born between January 1, 2025, and December 31, 2028, who are U.S. citizens qualify for the federal deposit. Families can contribute up to $5,000 a year, and funds remain locked until age 18, when the account converts into a traditional individual retirement account.
Which companies pledged support for the Trump Accounts program?
More than 50 companies have pledged support through employer contributions or added funding. Participating firms include Visa, Dell, Comcast, and Micron, which pledged $250 million to support the program. SpaceX President Gwynne Shotwell also donated shares of SpaceX stock owned by her and her husband, with the donation going to about 2 million Trump Accounts.
