President Donald Trump on Monday did not rule out adding Bitcoin to the administration’s new Trump Accounts, though he declined to directly answer a question about the idea, instead reiterating his support for crypto.

“I’m a big crypto, I’ve become a big crypto guy only for one reason. If we don’t have it, China is going to have it and they would like to have it. But now they’re not even trying that hard because we’ve taken over crypto,” Trump said, speaking during an Oval Office ceremony celebrating the launch of Trump Accounts. He was asked whether Bitcoin would be connected to the future of the Trump Accounts and whether there were plans to add Bitcoin to those accounts.

The US president, who disclosed about $1.4 billion in crypto earnings last week, linked crypto to artificial intelligence, saying the US is leading China in AI because his administration encourages companies to develop the energy infrastructure required for large-scale AI operations.

According to Trump, AI demands more than double the country’s current electricity production and has enormous potential, especially for medical breakthroughs, although safeguards are necessary to prevent harmful uses.

Returning to crypto, Trump said he supported the industry because it is strategically important and claimed the Biden administration was initially hostile toward it before reversing course for political reasons. He criticized the previous SEC leadership for targeting crypto companies and individuals, while praising his own appointments.

What are Trump Accounts?

Trump Accounts are a federally backed savings and investment programme designed to give children an early stake in the US economy.

The US Treasury has rolled out the nationwide launch of the Trump Accounts app, introducing full account functionality for families participating in the investment programme. Parents can now fund their accounts, monitor balances, review investment performance and manage contributions through the platform.

The app also includes 15 interactive financial education lessons covering key investment concepts, while adding features such as recurring deposits, linked bank accounts and personalized financial guidance. Treasury said the initiative is designed to expand stock ownership among young Americans and promote long-term financial security.

Officials said Trump Accounts are free to open, with contributions permitted from employers, charitable organizations and government programmes in addition to parents.

More than 50 companies have pledged to offer employer contributions, and enrolled families will be able to begin tracking investments from July 6.

Editor’s note: This article has been updated to clarify that President Trump did not directly answer a question about whether Bitcoin could be included in Trump Accounts.