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- Ex-US President Donald Trump rallies behind cryptocurrencies, embracing “all things related to this new and burgeoning industry.”
- Trump assures that he would never let crypto die, throwing a shade on Biden’s moves to kill Bitcoin and crypto.
- “Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death. That will never happen with me,” he wrote in a post on Truth Social.
Donald Trump expresses strong support for cryptocurrencies, positioning himself as a pro-crypto candidate ahead of the 2024 elections.
Trump Wants US to be the ‘Leader’ in Crypto
Trump has been continuously projecting his crypto support in the recent past, trying to lure younger crypto-loving voters. He recently began accepting crypto campaign donations after raising millions from Trump trading cards in the NFT space. The presumptive Republican presidential nominee stressed his desire to make the US, a leader in cryptos. “Our country must be the leader in the field. There is no second place,” his Truth Social post read.
Mark Cuban’s Perspective
Trump’s sudden crypto embrace has caught the eyes of several prominent investors. Early this month, Shark Tank billionaire Mark Cuban, who is an open supporter of Biden, warned that Trump could win the 2020 elections for taking up a “new weapon” against Biden: crypto. “If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and the New York SEC,” he wrote on X (Twitter). “Crypto voters will be heard this election.”
Crypto’s Key Role in 2024 Elections
According to a report from Washington-based Politico, only a fraction of voters in America use crypto. Further, only 7 percent of adults held or used crypto in 2023, the Fed’s recent “Economic Well-being of US households” reveal. This is a decline of 5 percentage points from 2021. Despite this, crypto holds a key space in the US politics, as several crypto businesses are willing to spend over $80 million in the upcoming 2024 elections, Politico noted.
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Conclusion
Trump’s endorsement of cryptocurrencies marks a significant shift in the political landscape, potentially influencing the 2024 elections. As the US inches closer to the election, the role of crypto in politics is expected to grow, with both supporters and detractors making their voices heard. The future of crypto in the US remains uncertain, but it is clear that it will be a pivotal issue in the upcoming election.
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